Ocean Charter School

Analysis

Ocean Charter School is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in April 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ocean Charter School reported income of $8.3m and spending of $8.7m, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $24.9m to $8.3m (-67%), an average of -24% a year. The sharpest change came in the year to June 2021, when income dropped by 57%. Over the whole period it spent 45% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ocean Charter School sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Delta Gamma Foundation ($8.3m), Aspiro Inc ($8.3m) and Machinists Institute ($8.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 6.5% of the total. Compensation of current officers, directors and key employees was $341k (3.9% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $58.7m against liabilities of $12.8m, net assets of $45.9m. It reported 140 employees.