Reef Relief Inc

Analysis

Reef Relief Inc is a registered charity in United States, based in Key West, FL. It received its IRS tax-exemption ruling in August 1988, 38 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 June 2024, Reef Relief Inc reported income of $435k and spending of $413k, spending 95% of its income. Across the 4 years on record, from June 2020 to June 2024, income grew from $192k to $435k (+127%), an average of +31% a year. The sharpest change came in the year to June 2022, when income rose by 45%. Over the whole period it spent 85% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Reef Relief Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 71st percentile within FL. Charities of a similar size with the same main cause include North Coast Watershed Association ($434k), Institute for Georgia Environmental Leadership Inc ($435k) and Forest Biometrics Research Institute ($434k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 77% and program service revenue 19% of the total. Other salaries and wages came to $277k. At year end it held assets of $531k against liabilities of $0, net assets of $531k. It reported 5 employees.