Ocean Grove Charter School

Analysis

Ocean Grove Charter School is a registered charity in United States, based in Placerville, CA. It received its IRS tax-exemption ruling in August 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Ocean Grove Charter School reported income of $36.0m and spending of $34.0m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $25.2m to $36.0m (+43%), an average of +9.3% a year. 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, Ocean Grove Charter School sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Alpha Public Schools Inc ($36.0m), Communities in Schools Inc ($36.0m) and Four Lakes Education Inc ($36.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $135k (0.4% of expenses). Other salaries and wages came to $11.7m. At year end it held assets of $27.9m against liabilities of $8.5m, net assets of $19.4m. It reported 164 employees.