Seaside School Foundation Inc

Analysis

Seaside School Foundation Inc is a registered charity in United States, based in Santa Rsa BCH, FL. It received its IRS tax-exemption ruling in October 2008, 18 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, Seaside School Foundation Inc reported income of $975k and spending of $854k, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.4m to $975k (-32%), an average of -9.3% a year. The sharpest change came in the year to June 2020, when income dropped by 25%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Seaside School Foundation Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within FL. Charities of a similar size with the same main cause include Great Lakes Community Alliance Inc ($975k), Northwest State Community College Foundation ($976k) and Mathematical Olympiads for Elementary School Inc ($975k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 52% of the total. Other salaries and wages came to $133k. At year end it held assets of $6.4m against liabilities of $1.1m, net assets of $5.2m. It reported 2 employees.