Ocean Breeze School Inc

Analysis

Ocean Breeze School Inc is a registered charity in United States, based in Marblehead, MA. It received its IRS tax-exemption ruling in May 2022, 4 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 2024, Ocean Breeze School Inc reported income of $589k and spending of $513k, spending 87% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $458k to $589k (+29%), an average of +13% a year. The sharpest change came in the year to June 2024, when income rose by 43%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ocean Breeze School Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within MA. Charities of a similar size with the same main cause include The Nia Foundation Incorporated ($588k), Heart for Children Inc ($589k) and New Mexico Association for the Education of Young Children ($588k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 13% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $122k (24% of expenses). Other salaries and wages came to $222k. At year end it held assets of $128k against liabilities of $0, net assets of $128k. It reported 11 employees.