Coral Reef Research Foundation Inc

Analysis

Coral Reef Research Foundation Inc is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in March 1996, 30 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2024, Coral Reef Research Foundation Inc reported income of $1.0m and spending of $1.1m, spending 111% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $558k to $1.0m (+84%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 121%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Coral Reef Research Foundation Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Pennsylvania Stands Up Institute ($1.0m), Workforce Development Board of Eastern Arkansas Inc ($1.0m) and Downtown Tempe Foundation ($1.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 94% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m. It reported 1 employees.