Sea Crest School Inc

Analysis

Sea Crest School Inc is a registered charity in United States, based in Half Moon Bay, CA. It received its IRS tax-exemption ruling in July 1997, 29 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 2023, Sea Crest School Inc reported income of $8.5m and spending of $8.3m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.7m to $8.5m (+49%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 25%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sea Crest School Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Cherokee Charter Academy Inc ($8.5m), Institute for Nonprofit News ($8.5m) and Skyline Education Inc ($8.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.2% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $621k (7.5% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $12.6m against liabilities of $6.6m, net assets of $6.0m. It reported 61 employees.