Fish Reef Project

Analysis

Fish Reef Project is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in February 2013, 13 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Fish Reef Project reported income of $398k and spending of $291k, leaving 27% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $48k to $398k (+729%), an average of +729% a year. The sharpest change came in the year to December 2023, when income rose by 729%. Over the whole period it spent 115% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Fish Reef Project sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 68th percentile within CA. Charities of a similar size with the same main cause include Alliance for International Reforestation Inc ($397k), Wisconsins Green Fire Incorporated ($398k) and Mason City Foundation ($397k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $8,000 (2.7% of expenses). At year end it held assets of $206k against liabilities of $206k, net assets of $0.