Hilton Head Reef Foundation

Analysis

Hilton Head Reef Foundation is a registered charity in United States, based in Hilton Head, SC. It received its IRS tax-exemption ruling in October 1992, 34 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, Hilton Head Reef Foundation reported income of $117k and spending of $37k, leaving 68% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $109k to $117k (+7.5%), an average of +7.5% a year. Over the whole period it spent 27% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Hilton Head Reef Foundation sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 47th percentile within SC. Charities of a similar size with the same main cause include Coshocton Is Blooming ($117k), Sun River Watershed ($117k) and Farmland Conservancy Inc ($117k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $262k against liabilities of $0, net assets of $262k.