Coral Nursery of Puerto Rico Inc

Analysis

Coral Nursery of Puerto Rico Inc is a registered charity in United States, based in Humacao, PR. It received its IRS tax-exemption ruling in August 2022, 4 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 Nursery of Puerto Rico Inc reported income of $108k and spending of $16k, leaving 85% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $196k to $108k (-45%), an average of -45% a year. The sharpest change came in the year to December 2023, when income dropped by 45%. Over the whole period it spent 8.6% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Coral Nursery of Puerto Rico Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 27th percentile within PR. Charities of a similar size with the same main cause include Iowa Association for Energy Efficiency ($108k), Lafayette Tree Fund Inc ($108k) and Shasta Trinity Unit of Backcountry Horsemen of California ($108k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% of the total. At year end it held assets of $268k against liabilities of $119, net assets of $268k.