Seaside School Inc

Analysis

Seaside School Inc is a registered charity in United States, based in Santa Rsa BCH, FL. It received its IRS tax-exemption ruling in May 1995, 31 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, Seaside School Inc reported income of $5.1m and spending of $5.0m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.8m to $5.1m (+36%), an average of +8.0% a year. The sharpest change came in the year to June 2023, when income rose by 19%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Seaside School Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within FL. Charities of a similar size with the same main cause include Campaign for College Opportunity ($5.1m), Lewis-Clark State College Foundation Inc ($5.1m) and Bluegrass Center for Autism Inc ($5.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 4.7% of the total. Other salaries and wages came to $2.6m. At year end it held assets of $3.1m against liabilities of $3.5m, net assets of -$458k. It reported 59 employees.