Coral Bay Community Council

Analysis

Coral Bay Community Council is a registered charity in United States, based in St John, VI. It received its IRS tax-exemption ruling in April 2004, 22 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 Bay Community Council reported income of $350k and spending of $407k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $333k to $350k (+5.3%), an average of +1.3% a year. The sharpest change came in the year to December 2021, when income dropped by 46%. Over the whole period it spent 114% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Coral Bay Community Council sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 68th percentile within VI. Charities of a similar size with the same main cause include Wild Wonder Foundation ($350k), Urban Salvaged and Reclaimed Woods Inc ($351k) and Broward Womens Emergency Fund Inc ($350k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $9,257 (2.3% of expenses). Other salaries and wages came to $143k. At year end it held assets of $154k against liabilities of $28k, net assets of $127k. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.