Marine Resources Council of East Florida Inc

Analysis

Marine Resources Council of East Florida Inc is a registered charity in United States, based in Palm Bay, FL. It received its IRS tax-exemption ruling in March 1991, 35 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, Marine Resources Council of East Florida Inc reported income of $340k and spending of $585k, spending 172% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $740k to $340k (-54%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 52%. Over the whole period it spent 98% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Marine Resources Council of East Florida Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 67th percentile within FL. Charities of a similar size with the same main cause include Friends of Nassau County Bailey Arboretum ($340k), Fire Safe San Mateo County Inc ($340k) and Smart Buildings Center Education Program ($339k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. Other salaries and wages came to $167k. It paid $5,262 in professional fundraising fees. At year end it held assets of $871k against liabilities of $90k, net assets of $781k. It reported 7 employees.