Ocean Grove Charter School
Ocean Grove Charter School shows consistent revenue growth and strong program spending with no reported officer compensation.
EIN: 203036819 · Placerville, CA · NTEE: B29 · Updated: 2026-03-28
Is Ocean Grove 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 Grove Charter School directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ocean Grove Charter School
Ocean Grove Charter School (EIN: 203036819) is a nonprofit organization based in Placerville, CA, classified under NTEE code B29. The organization reported total revenue of $44.5M and total assets of $35.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ocean Grove Charter School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ocean Grove Charter School is a large nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $36.0M |
| Total Expenses | $34.0M |
| Surplus / Deficit | +$2.0M |
| Total Assets | $27.9M |
| Total Liabilities | $8.5M |
| Net Assets | $19.4M |
| Operating Margin | 5.5% |
| Debt-to-Asset Ratio | 30.5% |
| Months of Reserves | 9.8 months |
Financial Health Grade: A
In 2023, Ocean Grove Charter School reported a surplus of $2.0M with revenue exceeding expenses, holds 9.8 months of operating reserves (strong position), has a debt-to-asset ratio of 30.5% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Ocean Grove Charter School's revenue has grown at a compound annual growth rate (CAGR) of 11.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.7% | +12.3% | +24.8% |
| 2022 | +9.4% | +11.1% | +26.3% |
| 2021 | +14.3% | +11.5% | +15.2% |
| 2020 | +4.9% | +9.8% | +42.8% |
| 2019 | +20.3% | +13.7% | +37.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
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 Grove 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 Grove 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 surplus of $2.0M, with revenue exceeding expenses.
- Debt-to-asset ratio: 30.5%.
Executive Compensation Analysis
Ocean Grove Charter School consistently reports 0% officer compensation across all available IRS 990 filings, indicating that no salaries or benefits are paid to its officers, which is highly unusual for an organization of its size ($35.9 million in revenue in 2023) and suggests a strong commitment to directing funds to its mission.
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 Grove Charter School's IRS 990 filings:
- 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
The following positive indicators were identified for Ocean Grove Charter School:
- 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.
Frequently Asked Questions about Ocean Grove Charter School
Is Ocean Grove Charter School a legitimate charity?
Based on AI analysis of IRS 990 filings, Ocean Grove Charter School (EIN: 203036819) some concerns. Mission Score: 92/100. 2 red flags identified, 5 strengths noted.
How does Ocean Grove Charter School spend its money?
Ocean Grove Charter School directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Ocean Grove Charter School tax-deductible?
Ocean Grove Charter School is registered as a tax-exempt nonprofit (EIN: 203036819). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Ocean Grove Charter School a good charity?
Based on its financial data, Ocean Grove Charter School appears to be a very good charity. It demonstrates consistent revenue growth, strong program spending efficiency (e.g., expenses of $33.9M against $35.9M revenue in 2023), and a remarkable commitment to transparency by reporting 0% officer compensation.
How has Ocean Grove Charter School's financial health changed over time?
The organization's financial health has significantly improved over time. Revenue grew from $12.9 million in 2014 to $35.9 million in 2023, and assets increased from $5.4 million to $27.8 million in the same period, indicating substantial growth and increased financial stability.
What is the organization's approach to executive compensation?
Ocean Grove Charter School reports 0% officer compensation in all available filings, which is an exceptional approach, suggesting that its leadership serves without direct salary or that compensation is structured in a way that falls outside the 'officer compensation' category on the 990, warranting further inquiry if specific details are desired.
Filing History
IRS 990 filing history for Ocean Grove Charter School showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Ocean Grove Charter School's revenue has grown by 266.3%, moving from $9.8M to $36.0M. Total assets increased by 630.4% over the same period, from $3.8M to $27.9M. Total functional expenses rose by 294.7%, from $8.6M to $34.0M. In its most recent filing year (2023), Ocean Grove Charter School reported a surplus of $2.0M, with revenue exceeding expenses. The organization holds $8.5M in liabilities against $27.9M in assets (debt-to-asset ratio: 30.5%), resulting in net assets of $19.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $36.0M | $34.0M | $27.9M | $8.5M | — | View 990 |
| 2022 | $33.1M | $30.3M | $22.3M | $4.9M | — | View 990 |
| 2021 | $30.2M | $27.2M | $17.7M | $3.1M | — | View 990 |
| 2020 | $26.4M | $24.4M | $15.3M | $3.8M | — | View 990 |
| 2019 | $25.2M | $22.2M | $10.8M | $1.2M | — | View 990 |
| 2018 | $21.0M | $19.5M | $7.8M | $1.3M | — | View 990 |
| 2017 | $19.7M | $18.1M | $6.5M | $1.4M | — | View 990 |
| 2016 | $16.8M | $17.4M | $5.4M | $1.8M | — | View 990 |
| 2015 | $14.1M | $14.8M | $4.9M | $715K | — | View 990 |
| 2014 | $12.9M | $12.6M | $5.4M | $471K | — | View 990 |
| 2013 | $11.9M | $11.3M | $5.2M | $596K | — | View 990 |
| 2012 | $10.6M | $10.0M | $4.4M | $346K | — | View 990 |
| 2011 | $9.8M | $8.6M | $3.8M | $466K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $36.0M, expenses of $34.0M, and assets of $27.9M (revenue +8.7% year-over-year).
- 2022: Revenue of $33.1M, expenses of $30.3M, and assets of $22.3M (revenue +9.4% year-over-year).
- 2021: Revenue of $30.2M, expenses of $27.2M, and assets of $17.7M (revenue +14.3% year-over-year).
- 2020: Revenue of $26.4M, expenses of $24.4M, and assets of $15.3M (revenue +4.9% year-over-year).
- 2019: Revenue of $25.2M, expenses of $22.2M, and assets of $10.8M (revenue +20.3% year-over-year).
- 2018: Revenue of $21.0M, expenses of $19.5M, and assets of $7.8M (revenue +6.4% year-over-year).
- 2017: Revenue of $19.7M, expenses of $18.1M, and assets of $6.5M (revenue +17.1% year-over-year).
- 2016: Revenue of $16.8M, expenses of $17.4M, and assets of $5.4M (revenue +19.2% year-over-year).
- 2015: Revenue of $14.1M, expenses of $14.8M, and assets of $4.9M (revenue +9.0% year-over-year).
- 2014: Revenue of $12.9M, expenses of $12.6M, and assets of $5.4M (revenue +8.7% year-over-year).
- 2013: Revenue of $11.9M, expenses of $11.3M, and assets of $5.2M (revenue +11.9% year-over-year).
- 2012: Revenue of $10.6M, expenses of $10.0M, and assets of $4.4M (revenue +8.3% year-over-year).
- 2011: Revenue of $9.8M, expenses of $8.6M, and assets of $3.8M.
Data Sources and Methodology
This transparency report for Ocean Grove 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.