Coastal Resources Group Inc

Analysis

Coastal Resources Group Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in November 2004, 22 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, Coastal Resources Group Inc reported income of $157k and spending of $184k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $876k to $157k (-82%), an average of -35% a year. The sharpest change came in the year to December 2023, when income dropped by 57%. Over the whole period it spent 72% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Coastal Resources Group Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 52nd percentile within FL. Charities of a similar size with the same main cause include Beaverkill Valley Land Trust ($157k), Wrangell Institute for Science and Environment ($157k) and Foundation for Ohio River Education ($157k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $85k (46% of expenses). At year end it held assets of $3.4m against liabilities of $3.3m, net assets of $126k. It reported 2 employees.