Coastal High School

Analysis

Coastal High School is a registered charity in United States, based in Myrtle Beach, SC. It received its IRS tax-exemption ruling in July 2013, 13 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, Coastal High School reported income of $3.0m and spending of $2.6m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $3.0m (+62%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 21%. 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, Coastal High School sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 92nd percentile within SC. Charities of a similar size with the same main cause include Colleton Preparatory Academy Inc ($3.0m), American Career College Educational Foundation ($3.0m) and New York College of Traditional Chinese Medicine ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.1% of the total. Compensation of current officers, directors and key employees was $112k (4.2% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $5.3m against liabilities of $4.4m, net assets of $886k. It reported 21 employees.