Is Ocean Grove Charter School a legitimate charity?

Based on AI analysis of IRS 990 filings, Ocean Grove Charter School (EIN: 203036819) appears trustworthy. Mission Score: 92/100. 2 red flags identified, 5 strengths noted.

Is Ocean Grove Charter School a good charity to donate to?

Ocean Grove Charter School has a Mission Score of 92/100. Revenue: $44.5M. Assets: $35.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Ocean Grove Charter School?

The Employer Identification Number (EIN) for Ocean Grove Charter School is 203036819. This is the unique tax ID assigned by the IRS.

Is Ocean Grove Charter School Legit? —…

Red Flags

Unusually low reported liabilities relative to assets in some earlier years (e.g., $1.1M liabilities vs $10.7M assets in 2019) could indicate conservative accounting or specific operational structures.
The consistent 0% officer compensation, while positive for mission spending, is highly unusual for an organization of this scale and might warrant further investigation into how leadership is compensated or structured.

Strengths

Consistent and significant revenue growth over the past decade, from $12.9M in 2014 to $35.9M in 2023.
Strong program spending efficiency, with expenses closely aligned to revenue (e.g., $33.9M expenses on $35.9M revenue in 2023).
Healthy accumulation of assets, growing from $5.4M in 2014 to $27.8M in 2023, indicating financial stability.
Remarkable transparency and commitment to mission by reporting 0% officer compensation across all filings.
Positive net assets year over year, demonstrating financial sustainability and growth.

AI Transparency Report

Ocean Grove Charter School demonstrates consistent financial growth and strong program spending efficiency over the past decade. The organization's revenue has steadily increased from $12.9 million in 2014 to $35.9 million in 2023, indicating robust operational expansion. A key strength is its commitment to program services, with a significant portion of expenses directed towards its educational mission. For instance, in 2023, expenses were $33,988,074 against revenues of $35,966,555, suggesting efficient use of funds.

The organization maintains a healthy asset base, growing from $5.4 million in 2014 to $27.8 million in 2023, which provides financial stability. Liabilities have also increased but remain manageable relative to assets, indicating responsible financial management. The consistent reporting of 0% officer compensation across all filings is a notable aspect of its transparency and commitment to directing funds towards its mission rather than executive salaries.

Overall, Ocean Grove Charter School appears to be in good financial health, effectively managing its resources to support its educational programs. Its consistent growth, strong asset accumulation, and transparent compensation practices contribute to a positive financial assessment.

Is Ocean Grove Charter School Legit?

Verdict: Ocean Grove Charter School appears trustworthy

Red Flags

Strengths

AI Transparency Report

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