Mexico Beach Artificial Reef Association Inc

Analysis

Mexico Beach Artificial Reef Association Inc is a registered charity in United States, based in Port St Joe, FL. It received its IRS tax-exemption ruling in January 1998, 28 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, Mexico Beach Artificial Reef Association Inc reported income of $131k and spending of $118k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $369k to $131k (-64%), an average of -23% a year. The sharpest change came in the year to December 2022, when income rose by 188%. 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, Mexico Beach Artificial Reef Association Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 48th percentile within FL. Charities of a similar size with the same main cause include Global Exploration and Oceanographic Society ($131k), The Kansas City Rose Society ($131k) and Empire Ranch Foundation ($131k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% of the total. At year end it held assets of $533k against liabilities of $74k, net assets of $459k.