Coral Restoration Foundation Inc

Analysis

Coral Restoration Foundation Inc is a registered charity in United States, based in Tavernier, FL. It received its IRS tax-exemption ruling in December 2000, 26 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, Coral Restoration Foundation Inc reported income of $5.8m and spending of $5.1m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.1m to $5.8m (+88%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 89%. Over the whole period it spent 70% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Coral Restoration Foundation Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within FL. Charities of a similar size with the same main cause include Tyger River Foundation ($5.8m), Black Rock Forest Consortium Inc ($5.8m) and The Big Sky Community Organization ($5.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $212k (4.1% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $10.8m against liabilities of $1.3m, net assets of $9.5m. It reported 36 employees.