Seacoast Charter School

Analysis

Seacoast Charter School is a registered charity in United States, based in Dover, NH. It received its IRS tax-exemption ruling in June 2015, 11 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 2024, Seacoast Charter School reported income of $3.7m and spending of $3.2m, spending 88% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.7m to $3.7m (+33%), an average of +7.4% a year. The sharpest change came in the year to June 2024, when income rose by 16%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Seacoast Charter School sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within NH. Charities of a similar size with the same main cause include Tomorrows Promise Inc ($3.7m), Keystone Science School Inc ($3.7m) and Center for Urban Teaching Inc ($3.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 80% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $307k (9.6% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $3.2m against liabilities of $1.1m, net assets of $2.1m. It reported 70 employees.