Croatan Institute

Analysis

Croatan Institute is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Croatan Institute reported income of $2.0m and spending of $1.6m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $213k to $2.0m (+839%), an average of +75% a year. The sharpest change came in the year to December 2020, when income rose by 175%. Over the whole period it spent 92% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Croatan Institute sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within NC. Charities of a similar size with the same main cause include DSC Foundation Inc ($2.0m), Corporation for the Conservation of the San Juan Bay Estuary ($2.0m) and Hollywood Beautification Team ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $386k (24% of expenses). Other salaries and wages came to $518k. It paid $65k in professional fundraising fees. At year end it held assets of $1.3m against liabilities of $788k, net assets of $528k. It reported 14 employees.