Coral World Ocean and Reef Initiative Inc

Analysis

Coral World Ocean and Reef Initiative Inc is a registered charity in United States, based in St Thomas, VI. It received its IRS tax-exemption ruling in April 2020, 6 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 September 2023, Coral World Ocean and Reef Initiative Inc reported income of $648k and spending of $800k, spending 124% of what it took in. Across the 5 years on record, from December 2019 to September 2023, income grew from $5,000 to $648k (+12861%), an average of +237% a year. The sharpest change came in the year to December 2020, when income rose by 2800%. Over the whole period it spent 112% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Coral World Ocean and Reef Initiative Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 79th percentile within VI. Charities of a similar size with the same main cause include East Quabbin Land Trust Inc ($648k), Big Medicine NFP ($648k) and Watch Hill Conservancy ($647k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $432k. At year end it held assets of $120k against liabilities of $307k, net assets of -$188k. It reported 17 employees.