Turks and Caicos Reef Fund Inc

Analysis

Turks and Caicos Reef Fund Inc is a registered charity in United States, based in Forked River, NJ. It received its IRS tax-exemption ruling in February 2015, 11 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 July 2023, Turks and Caicos Reef Fund Inc reported income of $262k and spending of $283k, spending 108% of what it took in. Across the 3 years on record, from July 2020 to July 2023, income grew from $175k to $262k (+50%), an average of +22% a year. The sharpest change came in the year to July 2022, when income rose by 56%. Over the whole period it spent 87% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Turks and Caicos Reef Fund Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 66th percentile within NJ. Charities of a similar size with the same main cause include Center for Snow and Avalanche Studies ($262k), Cimarron Watershed Alliance Inc ($262k) and Red River Gorge Climbers Coalition Inc ($261k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 1.2% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $46k (16% of expenses). At year end it held assets of $255k against liabilities of $72k, net assets of $183k.