Coastal School Ministries Inc

Analysis

Coastal School Ministries Inc is a registered charity in United States, based in Myrtle Beach, SC. It received its IRS tax-exemption ruling in February 2002, 24 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, Coastal School Ministries Inc reported income of $499k and spending of $511k, spending 103% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $248k to $499k (+101%), an average of +15% a year. The sharpest change came in the year to June 2022, when income rose by 81%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Coastal School Ministries Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 75th percentile within SC. Charities of a similar size with the same main cause include Barrier Breakers Inc ($499k), The Snedeker Foundation ($499k) and Tau Sigma Inc ($499k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $356k. At year end it held assets of $302k against liabilities of $6,525, net assets of $296k. It reported 25 employees.