Reef Fish Conservation and Education Foundation Inc

Analysis

Reef Fish Conservation and Education Foundation Inc is a registered charity in United States, based in Galveston, TX. It received its IRS tax-exemption ruling in December 2016, 10 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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, Reef Fish Conservation and Education Foundation Inc reported income of $474k and spending of $50k, leaving 89% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $430k to $474k (+10%), an average of +2.5% a year. The sharpest change came in the year to December 2020, when income rose by 124%. Over the whole period it spent 45% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Reef Fish Conservation and Education Foundation Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 74th percentile within TX. Charities of a similar size with the same main cause include Tomten Farm and Sanctuary of New Hampshire ($474k), Society for the Treatment of Abandoned and Fractured Friends ($475k) and Sequoia Humane Society ($474k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 67% of the total. At year end it held assets of $2.0m against liabilities of $598k, net assets of $1.4m.