Nevada Virtual Charter School

Analysis

Nevada Virtual Charter School is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in May 2020, 6 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, Nevada Virtual Charter School reported income of $18.3m and spending of $16.4m, spending 90% of its income. Across the 3 years on record, from June 2021 to June 2023, income fell from $18.5m to $18.3m (-1.5%), an average of -0.7% a year. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Nevada Virtual Charter School 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 NV. Charities of a similar size with the same main cause include Christ School Inc ($18.3m), Beyond Basics ($18.3m) and Institute for Human & Social Development Inc ($18.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.5% of the total. Other salaries and wages came to $7.3m. At year end it held assets of $12.7m against liabilities of $17.5m, net assets of -$4.8m. It reported 127 employees.