Old Island Restoration Foundation Inc

Analysis

Old Island Restoration Foundation Inc is a registered charity in United States, based in Key West, FL. It received its IRS tax-exemption ruling in August 1977, 49 years ago. 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 September 2023, Old Island Restoration Foundation Inc reported income of $552k and spending of $563k, spending 102% of its income. Across the 4 years on record, from September 2020 to September 2023, income grew from $423k to $552k (+31%), an average of +9.3% a year. The sharpest change came in the year to September 2022, when income rose by 233%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Old Island Restoration Foundation Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within FL. Charities of a similar size with the same main cause include Sounds True Foundation ($552k), Yoga Society of New York Inc ($552k) and Save Our Shores ($552k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 77% and program service revenue 15% of the total. Other salaries and wages came to $183k. At year end it held assets of $941k against liabilities of $10k, net assets of $931k. It reported 9 employees.