Seaside School Consortium Inc

Analysis

Seaside School Consortium Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in May 1997, 29 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, Seaside School Consortium Inc reported income of $17.4m and spending of $18.2m, spending 105% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $6.4m to $17.4m (+173%), an average of +22% a year. The sharpest change came in the year to June 2023, when income rose by 41%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Seaside School Consortium Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include Summit Christian Academy ($17.4m), Innovative Learning Inc ($17.4m) and Banning Lewis Ranch Academy Inc ($17.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 5.0% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $1.1m (6.2% of expenses). Other salaries and wages came to $8.5m. At year end it held assets of $78.3m against liabilities of $76.9m, net assets of $1.4m. It reported 307 employees.