Environment (C32) IRS Verified DX Registered 990 on File

PLANT A MILLION CORALS FOUNDATION INC

EIN: 83-2506181 · SUMMRLND KEY, FL 33042-4807 · United States · FY 2024 Data

3 out of 5 56 / 100 Based on 2+ years of filings

Financial strength (30%) 82/100

Reliability (20%) 45/100

Effectiveness (25%) 90/100

Impact (25%) No data yet

Financial data: FY 2024 · Scored 9/13/2026

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CharityAI™ Score

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Mission Statement

Plant a Million Corals Foundation (PAMCF)is a non-profit (501(c)3) organization dedicated to restoring coral reefs through innovative science, education, and community engagement. Founded in 2019 by Dr. David Vaughan, a renowned coral reef scientist, known for his groundbreaking discovery of a method to rapidly reproduce resilient, fast-growing corals, PAMCF is committed to large scale application of micro-fragmentation. By cultivating and outplanting millions of corals, PAMCF aims to rebuild thriving coral reef ecosystems for future generations. With already over 40,000 corals on site at their facility in Summerland Key, and counting, PAMCF is on the way to reach 100,000 coral production by the end of 2025, and a 1.1million coral production capacity by the end of 2026. This will allow PAMCF to produce 1 million corals per year to be planted on the Florida Coral Reef Tract. To accelerate coral restoration efforts, PAMCF has developed the Coral Restoration Units (CRUs) program, providing essential equipment and training to individuals and organizations committed to coral reef restoration. Additionally, the foundation offers Coral Restoration Workshops to educate and empower practitioners and organizations to participate in this critical conservation work.

Financial Overview — FY 2024

$406K

Total Revenue

$569K

Total Expenses

$288K

Net Assets

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 89.7%

Fundraising Efficiency N/A

Operating Reserve 6.08x

Liability-to-Asset 3.2%

Revenue Diversification 98.8%

Executive Compensation $288K

Compared with Peers

FY 2024

Compared with 2,852 similar organizations (United States, Environment, $100K–$1M in expenses), FY 2024.

This organization Middle half of peers (P25–P75) Peer median

Ratio	This org	Peer median	Position (P10 → P90)
Program expense ratio Program expenses / total expenses · higher is better	89.7%	82.4%	P10P90	Above median
Admin expense ratio Management and general / total expenses · lower is better	9.9%	13.0%	P10P90	Above median
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	0.4%	0.3%	P10P90	Below median
Operating reserve Months of expenses covered by net assets · higher is better	6.1 mo	13.6 mo	P10P90	Below median
Liabilities to assets Total liabilities / total assets · lower is better	3.2%	1.0%	P10P90	Below median
Revenue concentration Share of revenue from the largest source · lower is better	98.8%	91.6%	P10P90	Below median
Revenue growth Year over year revenue growth	-9.4%	10.6%	P10P90
Expense growth Year over year expense growth	-16.8%	11.2%	P10P90
Surplus margin Surplus as a share of revenue	-40.0%	6.0%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %	Staff
2024	$406K	$569K	$288K	89.7%	12
2023	$449K	$683K	$451K	91.4%	7
2022	$702K	$505K	$684K	83.3%	5
2021	$1.3M	$588K	N/A	—	4

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Organization Details

EIN: 83-2506181
State: FL
City: SUMMRLND KEY
ZIP: 33042-4807
Classification: C32
Category: Environment
Rating: 3★
Coverage: A
Last Updated: Aug 2026
IRS Ruling Year: 2019
Foundation Code: 15
Form 990: On File

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Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

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