Uncharted Shores Academy

Analysis

Uncharted Shores Academy is a registered charity in United States, based in Crescent City, CA. It received its IRS tax-exemption ruling in February 2010, 16 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, Uncharted Shores Academy reported income of $3.6m and spending of $3.7m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.3m to $3.6m (+58%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 22%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Uncharted Shores Academy 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 91st percentile within CA. Charities of a similar size with the same main cause include Mingo Valley Christian School Inc ($3.6m), Hacks Hackers ($3.6m) and Lake Superior State University Foundation ($3.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $322k (8.7% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $3.1m against liabilities of $1.2m, net assets of $1.9m. It reported 48 employees.