Ocean Charter School
Ocean Charter School maintains strong asset base despite fluctuating revenue and recent minor operating deficit.
EIN: 20612690 · Los Angeles, CA · NTEE: B29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $8.2M |
| Total Expenses | $8.7M |
| Program Spending | 90% |
| Net Assets | $45.9M |
| Transparency Score | 92/100 |
Is Ocean Charter School Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ocean Charter School directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ocean Charter School
Ocean Charter School (EIN: 20612690) is a nonprofit organization based in Los Angeles, CA, classified under NTEE code B29. The organization reported total revenue of $8.2M and total assets of $57.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ocean Charter School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ocean Charter School is a mid-size nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8.3M |
| Total Expenses | $8.7M |
| Surplus / Deficit | $-452,613 |
| Total Assets | $58.7M |
| Total Liabilities | $12.8M |
| Net Assets | $45.9M |
| Operating Margin | -5.5% |
| Debt-to-Asset Ratio | 21.7% |
| Months of Reserves | 80.8 months |
Financial Health Grade: B
In 2023, Ocean Charter School reported a deficit of $453K with expenses exceeding revenue, holds 80.8 months of operating reserves (strong position), has a debt-to-asset ratio of 21.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Ocean Charter School's revenue has grown at a compound annual growth rate (CAGR) of 8.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.0% | +10.8% | -0.9% |
| 2022 | -27.4% | +23.0% | -1.2% |
| 2021 | -57.3% | +8.8% | -23.2% |
| 2020 | +4.9% | -4.6% | +9.9% |
| 2019 | +5.5% | +9.5% | +31.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Ocean Charter School with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Ocean Charter School allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $453K, with expenses exceeding revenue.
- Debt-to-asset ratio: 21.7%.
Executive Compensation Analysis
Ocean Charter School consistently reports 0% officer compensation across all available filings, indicating that no portion of its budget is allocated to executive salaries, which is highly favorable for a nonprofit of its size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Ocean Charter School's IRS 990 filings:
- 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
The following positive indicators were identified for Ocean Charter School:
- 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.
Frequently Asked Questions about Ocean Charter School
Is Ocean Charter School a legitimate charity?
Ocean Charter School (EIN: 20612690) is a registered tax-exempt nonprofit based in California. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $8.2M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Ocean Charter School spend its money?
Ocean Charter School directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Ocean Charter School tax-deductible?
Ocean Charter School is registered as a tax-exempt nonprofit (EIN: 20612690). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Ocean Charter School's spending goes to programs?
Ocean Charter School directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Ocean Charter School compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Ocean Charter School is above average for NTEE category B29 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Ocean Charter School located?
Ocean Charter School is headquartered in Los Angeles, California and files with the IRS under EIN 20612690. It is classified under NTEE code B29.
How many years of IRS 990 filings does Ocean Charter School have?
Ocean Charter School has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $8.2M in total revenue.
Is Ocean Charter School financially stable?
Yes, Ocean Charter School appears financially stable, consistently holding a strong asset base significantly larger than its liabilities. For example, in 2023, assets were $58,695,248 while liabilities were $12,761,286.
What caused the large revenue spikes between 2018 and 2020?
The IRS 990 data shows significant revenue spikes, such as $26,128,616 in 2020, compared to typical revenues around $8 million. This suggests the possibility of large one-time grants, capital campaign contributions, or other extraordinary income during those periods, which would require further investigation of the full 990 forms for details.
How does Ocean Charter School manage executive compensation?
Ocean Charter School reports 0% officer compensation in all available filings, indicating that no funds are used for executive salaries, which is a strong positive for donor confidence and resource allocation.
Did Ocean Charter School operate at a deficit in 2023?
Yes, in the 202306 period, Ocean Charter School's expenses ($8,713,661) slightly exceeded its revenue ($8,261,048), resulting in a minor operating deficit for that year.
Filing History
IRS 990 filing history for Ocean Charter School showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Ocean Charter School's revenue has grown by 159.6%, moving from $3.2M to $8.3M. Total assets increased by 4124% over the same period, from $1.4M to $58.7M. Total functional expenses rose by 171.4%, from $3.2M to $8.7M. In its most recent filing year (2023), Ocean Charter School reported a deficit of $453K, with expenses exceeding revenue. The organization holds $12.8M in liabilities against $58.7M in assets (debt-to-asset ratio: 21.7%), resulting in net assets of $45.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8.3M | $8.7M | $58.7M | $12.8M | — | — |
| 2022 | $8.1M | $7.9M | $59.2M | $12.9M | — | View 990 |
| 2021 | $11.2M | $6.4M | $60.0M | $13.8M | — | View 990 |
| 2020 | $26.1M | $5.9M | $78.0M | $15.9M | — | View 990 |
| 2019 | $24.9M | $6.2M | $71.0M | $29.1M | — | View 990 |
| 2018 | $23.6M | $5.6M | $54.0M | $30.8M | — | View 990 |
| 2017 | $5.4M | $5.3M | $28.0M | $22.8M | — | View 990 |
| 2016 | $9.7M | $6.2M | $27.7M | $22.5M | — | View 990 |
| 2015 | $4.5M | $4.3M | $9.2M | $7.6M | — | View 990 |
| 2014 | $3.9M | $3.9M | $9.3M | $7.8M | — | View 990 |
| 2013 | $3.6M | $3.5M | $9.1M | $7.6M | — | View 990 |
| 2012 | $3.7M | $3.5M | $9.0M | $7.6M | — | View 990 |
| 2011 | $3.2M | $3.2M | $1.4M | $140K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8.3M, expenses of $8.7M, and assets of $58.7M (revenue +2.0% year-over-year).
- 2022: Revenue of $8.1M, expenses of $7.9M, and assets of $59.2M (revenue -27.4% year-over-year).
- 2021: Revenue of $11.2M, expenses of $6.4M, and assets of $60.0M (revenue -57.3% year-over-year).
- 2020: Revenue of $26.1M, expenses of $5.9M, and assets of $78.0M (revenue +4.9% year-over-year).
- 2019: Revenue of $24.9M, expenses of $6.2M, and assets of $71.0M (revenue +5.5% year-over-year).
- 2018: Revenue of $23.6M, expenses of $5.6M, and assets of $54.0M (revenue +340.2% year-over-year).
- 2017: Revenue of $5.4M, expenses of $5.3M, and assets of $28.0M (revenue -44.7% year-over-year).
- 2016: Revenue of $9.7M, expenses of $6.2M, and assets of $27.7M (revenue +117.7% year-over-year).
- 2015: Revenue of $4.5M, expenses of $4.3M, and assets of $9.2M (revenue +14.9% year-over-year).
- 2014: Revenue of $3.9M, expenses of $3.9M, and assets of $9.3M (revenue +8.0% year-over-year).
- 2013: Revenue of $3.6M, expenses of $3.5M, and assets of $9.1M (revenue -2.1% year-over-year).
- 2012: Revenue of $3.7M, expenses of $3.5M, and assets of $9.0M (revenue +15.2% year-over-year).
- 2011: Revenue of $3.2M, expenses of $3.2M, and assets of $1.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ocean Charter School:
Data Sources and Methodology
This transparency report for Ocean Charter School is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.