California Virtual Academies at Los Angeles

Analysis

California Virtual Academies at Los Angeles is a registered charity in United States, based in Simi Valley, CA. It received its IRS tax-exemption ruling in July 2009, 17 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 2023, California Virtual Academies at Los Angeles reported income of $81.4m and spending of $79.8m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $36.2m to $81.4m (+125%), an average of +22% a year. The sharpest change came in the year to June 2022, when income rose by 59%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, California Virtual Academies at Los Angeles sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Pontifical Catholic University of Puerto Rico ($81.2m), Kinkaid School Inc ($81.5m) and Texas a & M Research Foundation ($81.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $30.4m. At year end it held assets of $26.4m against liabilities of $23.6m, net assets of $2.8m. It reported 562 employees.