Plant a Million Corals Foundation Inc

Analysis

Plant a Million Corals Foundation Inc is a registered charity in United States, based in Summrlnd Key, FL. It received its IRS tax-exemption ruling in November 2019, 7 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, Plant a Million Corals Foundation Inc reported income of $449k and spending of $683k, spending 152% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $501k to $449k (-11%), an average of -3.6% a year. The sharpest change came in the year to December 2023, when income dropped by 36%. 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, Plant a Million Corals Foundation Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 71st percentile within FL. Charities of a similar size with the same main cause include Chippewa Watershed Conservancy Inc ($448k), Conservation Park of Virginia Inc ($449k) and Floranthropy ($448k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $359k (53% of expenses). Other salaries and wages came to $15k. At year end it held assets of $460k against liabilities of $9,797, net assets of $451k. It reported 7 employees.