Reef Environmental Education Foundation Incorporated

Analysis

Reef Environmental Education Foundation Incorporated is a registered charity in United States, based in Key Largo, FL. It received its IRS tax-exemption ruling in March 1992, 34 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Reef Environmental Education Foundation Incorporated reported income of $3.3m and spending of $2.1m, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $3.3m (+124%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 111%. Over the whole period it spent 78% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Reef Environmental Education Foundation Incorporated sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within FL. Charities of a similar size with the same main cause include F R I E N D S of Broomfield ($3.3m), Malivai Washington Kids Foundation Inc ($3.3m) and Ohio South Youth Soccer Association Inc ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 31% of the total. Other salaries and wages came to $646k. At year end it held assets of $3.7m against liabilities of $409k, net assets of $3.3m. It reported 11 employees.