Seaside Scholarships Inc

Analysis

Seaside Scholarships Inc is a registered charity in United States, based in Seaside, OR. 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 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 Scholarships Inc reported income of $182k and spending of $86k, leaving 53% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income fell from $903k to $182k (-80%), an average of -55% a year. The sharpest change came in the year to June 2022, when income dropped by 76%. Over the whole period it spent 16% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Seaside Scholarships Inc sits at the 53rd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within OR. Charities of a similar size with the same main cause include Pratyush Sinha Foundation ($182k), Heritage Public Library ($182k) and Jerusalem Center for Bible Translators Inc ($182k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m.