Pennsylvania Virtual Charter School

Analysis

Pennsylvania Virtual Charter School is a registered charity in United States, based in KNG of Prussa, PA. It received its IRS tax-exemption ruling in January 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 2023, Pennsylvania Virtual Charter School reported income of $56.4m and spending of $52.8m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $31.7m to $56.4m (+78%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 47%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pennsylvania Virtual Charter School sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within PA. Charities of a similar size with the same main cause include Utah Charter Academies ($56.4m), St Lukes-Jones Regional Medical Center ($56.7m) and Confluence Academy ($56.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $2.0m (3.8% of expenses). Other salaries and wages came to $19.7m. At year end it held assets of $39.6m against liabilities of $10.0m, net assets of $29.6m. It reported 364 employees.