Sea of Strengths School Inc

Analysis

Sea of Strengths School Inc is a registered charity in United States, based in Lakewood RCH, FL. It received its IRS tax-exemption ruling in January 2020, 6 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 July 2021, Sea of Strengths School Inc reported income of $463k and spending of $465k, spending 100% of its income. Across the 3 years on record, from July 2019 to July 2021, income grew from $444k to $463k (+4.3%), an average of +2.1% a year. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sea of Strengths School Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 72nd percentile within FL. Charities of a similar size with the same main cause include Leadingage Georgia Inc ($463k), It4causes ($463k) and Starboard Christian Academy ($463k).

On its Form 990 for the period ending July 2021, revenue came from contributions and grants 12% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $203k (44% of expenses). Other salaries and wages came to $62k. At year end it held assets of $266k against liabilities of $133k, net assets of $133k. It reported 9 employees.