California Virtual Academy at Kings

Analysis

California Virtual Academy at Kings is a registered charity in United States, based in Simi Valley, CA. It received its IRS tax-exemption ruling in August 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 Academy at Kings reported income of $7.8m and spending of $7.8m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.7m to $7.8m (+110%), an average of +20% a year. The sharpest change came in the year to June 2022, when income rose by 41%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, California Virtual Academy at Kings sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Propel Charter Schools - East ($7.8m), Yeshivat Heatid Inc ($7.8m) and Kcaa Preschools of Hawaii ($7.8m).

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 $2.7m. At year end it held assets of $2.2m against liabilities of $2.2m, net assets of $71k. It reported 46 employees.