Ocean Studies Charter School Inc

Analysis

Ocean Studies Charter School Inc is a registered charity in United States, based in Key Largo, FL. It received its IRS tax-exemption ruling in July 2014, 12 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, Ocean Studies Charter School Inc reported income of $3.1m and spending of $2.7m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $3.1m (+149%), an average of +26% a year. The sharpest change came in the year to June 2022, when income rose by 52%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ocean Studies Charter School Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within FL. Charities of a similar size with the same main cause include Foothills School of Art & Sciences ($3.1m), Finishing Trades Institute of the Upper Midwest Trust Fund ($3.1m) and Kentucky Nonprofit Network ($3.1m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 90% of the total. Compensation of current officers, directors and key employees was $93k (3.4% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $4.8m against liabilities of $2.4m, net assets of $2.4m. It reported 29 employees.