Quick charity verification for Ocean Charter School (EIN: 20612690)
Verdict: Ocean Charter School appears trustworthy
92/100Mission Score
$8.2MRevenue
$57.6MAssets
1Red Flags
4Strengths
Red Flags
Fluctuating revenue streams, particularly the significant drop from 2020 ($26M) to 2021 ($11M) and 2022 ($8M), which could indicate reliance on non-recurring funding sources.
Strengths
Strong asset base relative to liabilities, indicating long-term financial security (e.g., $58.7M assets vs. $12.8M liabilities in 2023).
Consistent reporting of 0% officer compensation, demonstrating excellent financial stewardship and dedication to mission.
Generally stable expense management, with expenses typically aligning with or below revenue in most periods.
Significant growth in assets over the past decade, from $9.2M in 2015 to $58.7M in 2023.
Spending Breakdown
How Ocean Charter School allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Ocean Charter School
Is Ocean Charter School a legitimate charity?
Based on AI analysis of IRS 990 filings, Ocean Charter School (EIN: 20612690) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
Is Ocean Charter School a good charity to donate to?
Ocean Charter School has a Mission Score of 92/100. Revenue: $8.2M. Assets: $57.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Ocean Charter School?
The Employer Identification Number (EIN) for Ocean Charter School is 20612690. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Ocean Charter School spend its money?
Ocean Charter School allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Ocean Charter School's tax-exempt status?
You can verify Ocean Charter School's tax-exempt status using EIN 20612690 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Ocean Charter School demonstrates a generally stable financial position, with assets significantly exceeding liabilities across its filing history. For instance, in 2023, assets were $58,695,248 against liabilities of $12,761,286. The organization's revenue has shown considerable fluctuation, with notable spikes in 2018-2020 (e.g., $26,128,616 in 2020) compared to more recent periods (e.g., $8,261,048 in 2023). This suggests potential one-time grants or capital campaigns in earlier years. Spending efficiency appears reasonable, as expenses generally align with or are slightly below revenue in most years, preventing significant deficits, though 2023 saw expenses ($8,713,661) slightly exceed revenue ($8,261,048). The consistent reporting of 0% officer compensation indicates a strong commitment to directing funds towards the mission rather than executive salaries, enhancing transparency and public trust.