Ocean Beach School District Foundation

Analysis

Ocean Beach School District Foundation is a registered charity in United States, based in Long Beach, WA. It received its IRS tax-exemption ruling in January 1992, 34 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ocean Beach School District Foundation reported income of $321k and spending of $173k, leaving 46% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $243k to $321k (+32%), an average of +7.2% a year. The sharpest change came in the year to December 2021, when income rose by 114%. Over the whole period it spent 49% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ocean Beach School District Foundation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within WA. Charities of a similar size with the same main cause include CG Jung Institute of New York Inc ($321k), Junior Achievement USA ($321k) and Barrett Friendly Library ($321k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% of the total. Compensation of current officers, directors and key employees was $10k (5.9% of expenses). At year end it held assets of $5.1m against liabilities of $645, net assets of $5.1m. It reported 1 employees.