Reef Renewal USA Inc

Analysis

Reef Renewal USA Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in February 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 December 2023, Reef Renewal USA Inc reported income of $839k and spending of $822k, spending 98% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $18k to $839k (+4694%), an average of +263% a year. The sharpest change came in the year to December 2021, when income rose by 1098%. Over the whole period it spent 80% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Reef Renewal USA Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within FL. Charities of a similar size with the same main cause include Collings Lakes Civic Association ($838k), Lime Hollow Nature Center Inc ($840k) and Red-Tail Land Conservancy Inc ($838k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.0% of the total. Other salaries and wages came to $159k. At year end it held assets of $872k against liabilities of $376k, net assets of $496k. It reported 3 employees.