Seaside Christian Academy Inc

Analysis

Seaside Christian Academy Inc is a registered charity in United States, based in Ocean City, MD. It received its IRS tax-exemption ruling in March 2008, 18 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, Seaside Christian Academy Inc reported income of $1.3m and spending of $1.2m, spending 96% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $394k to $1.3m (+221%), an average of +34% a year. The sharpest change came in the year to June 2022, when income rose by 57%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Seaside Christian Academy Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MD. Charities of a similar size with the same main cause include Citation Jet Pilots Safety and Education Foundation Inc ($1.3m), Willistown Country Day School ($1.3m) and Homeworks Trenton Inc ($1.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 2.6% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $26k (2.1% of expenses). Other salaries and wages came to $791k. At year end it held assets of $311k against liabilities of $10k, net assets of $301k. It reported 59 employees.