City Island Oyster Reef Inc

Analysis

City Island Oyster Reef Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in December 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, City Island Oyster Reef Inc reported income of $527k and spending of $227k, leaving 57% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $79k to $527k (+568%), an average of +568% a year. The sharpest change came in the year to December 2023, when income rose by 568%. Over the whole period it spent 55% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, City Island Oyster Reef Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Partners for Conservation Inc ($527k), Southern Ohio Diversification Initiative ($527k) and The Go Green Initiative Association ($527k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $57k. At year end it held assets of $322k against liabilities of $24k, net assets of $298k. It reported 4 employees.