Reefci Inc

Analysis

Reefci Inc is a registered charity in United States, based in Hebron, KY. It received its IRS tax-exemption ruling in January 2017, 9 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, Reefci Inc reported income of $914k and spending of $762k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $717k to $914k (+27%), an average of +6.2% a year. The sharpest change came in the year to December 2021, when income rose by 186%. Over the whole period it spent 81% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Reefci Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within KY. Charities of a similar size with the same main cause include Sustainability Laboratory Inc ($913k), Metuchen Downtown Alliance a NJ Nonprofit Corporation ($915k) and Kachemak Heritage Land Trust Inc ($913k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.7% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $59k (7.7% of expenses). At year end it held assets of $900k against liabilities of $88k, net assets of $812k.