Ocean Bay Elementary School Parent Teacher Organization

Analysis

Ocean Bay Elementary School Parent Teacher Organization is a registered charity in United States, based in Myrtle Beach, SC. 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 2024, Ocean Bay Elementary School Parent Teacher Organization reported income of $69k and spending of $56k, spending 82% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $52k to $69k (+33%), an average of +15% a year. The sharpest change came in the year to June 2024, when income rose by 139%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ocean Bay Elementary School Parent Teacher Organization sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 33rd percentile within SC. Charities of a similar size with the same main cause include North Tahoe High School Boosters Club Inc ($69k), Graham Bible College Inc ($69k) and Robison Elementary School Parent Teacher Organization ($69k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 21% of the total. At year end it held assets of $76k against liabilities of $0, net assets of $76k.