Ocean City Reef Foundation

Analysis

Ocean City Reef Foundation is a registered charity in United States, based in Berlin, MD. It received its IRS tax-exemption ruling in August 2000, 26 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, Ocean City Reef Foundation reported income of $231k and spending of $179k, leaving 23% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $112k to $231k (+106%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 82%. Over the whole period it spent 100% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Ocean City Reef Foundation sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within MD. Charities of a similar size with the same main cause include Cullman County Soil & Water Conservation Foundation ($231k), Partners for Clean Streams Inc ($231k) and Buckeye Outdoors Youth Education and Shooting Center Inc ($231k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $86k against liabilities of $0, net assets of $86k.