Idaho Virtual Academy Inc

Analysis

Idaho Virtual Academy Inc is a registered charity in United States, based in Meridian, ID. It received its IRS tax-exemption ruling in April 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Idaho Virtual Academy Inc reported income of $19.3m and spending of $19.8m, spending 102% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $13.7m to $19.3m (+41%), an average of +8.9% a year. The sharpest change came in the year to June 2021, when income rose by 89%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Idaho Virtual Academy Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within ID. Charities of a similar size with the same main cause include Ivymount School Inc ($19.3m), Delta Preparatory Schools Inc ($19.3m) and Rectory School Inc ($19.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $6.0m. At year end it held assets of $10.3m against liabilities of $13.5m, net assets of -$3.2m. It reported 128 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.