Seacrest School Inc

Analysis

Seacrest School Inc is a registered charity in United States, based in Naples, FL. It received its IRS tax-exemption ruling in May 1987, 39 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, Seacrest School Inc reported income of $10.5m and spending of $11.1m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.5m to $10.5m (+39%), an average of +8.5% a year. The sharpest change came in the year to June 2020, when income rose by 24%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Seacrest School Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include Lakehill Preparatory School ($10.5m), American Bankruptcy Institute ($10.5m) and Edison Bethune Charter Academy ($10.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $233k (2.1% of expenses). Other salaries and wages came to $5.8m. At year end it held assets of $28.1m against liabilities of $10.7m, net assets of $17.5m. It reported 158 employees.