Seagull Schools Inc

Analysis

Seagull Schools Inc is a registered charity in United States, based in Kailua, HI. It received its IRS tax-exemption ruling in January 1974, 52 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, Seagull Schools Inc reported income of $13.6m and spending of $10.0m, leaving 27% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.1m to $13.6m (+35%), an average of +7.7% a year. The sharpest change came in the year to June 2022, when income rose by 44%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Seagull Schools Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within HI. Charities of a similar size with the same main cause include Akibayavneh Academy ($13.6m), Arkansas Baptist College ($13.6m) and Trinity Schools Inc ($13.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 33% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $447k (4.5% of expenses). Other salaries and wages came to $4.7m. At year end it held assets of $24.1m against liabilities of $4.6m, net assets of $19.5m. It reported 147 employees.