Ocean Springs Education Foundation

Analysis

Ocean Springs Education Foundation is a registered charity in United States, based in Ocean Springs, MS. It received its IRS tax-exemption ruling in August 2021, 5 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Ocean Springs Education Foundation reported income of $70k and spending of $88k, spending 125% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $73k to $70k (-3.9%), an average of -3.9% a year. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ocean Springs Education Foundation sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within MS. Charities of a similar size with the same main cause include New Stage Theatre Company Inc ($70k), Cove Community Theater ($70k) and Educational Partnerships Immersive Concerts ($70k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 15% of the total. At year end it held assets of $393k against liabilities of $0, net assets of $393k.