Coast Episcopal Schools Inc

Analysis

Coast Episcopal Schools Inc is a registered charity in United States, based in Long Beach, MS. It received its IRS tax-exemption ruling in March 1966, 60 years ago. 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, Coast Episcopal Schools Inc reported income of $2.0m and spending of $1.8m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $2.0m (+14%), an average of +3.3% a year. The sharpest change came in the year to June 2023, when income rose by 28%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Coast Episcopal Schools Inc 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 86th percentile, and in the 87th percentile within MS. Charities of a similar size with the same main cause include Hmong American Center Inc ($2.0m), Habitat for Humanity International Inc ($2.0m) and Vermont Humanities Council ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 25% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $78k (4.2% of expenses). Other salaries and wages came to $991k. At year end it held assets of $3.6m against liabilities of $1.3m, net assets of $2.3m. It reported 54 employees.