Evergreen Virtual Academy

Analysis

Evergreen Virtual Academy is a registered charity in United States, based in North Bend, OR. It received its IRS tax-exemption ruling in August 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Evergreen Virtual Academy reported income of $15.2m and spending of $15.9m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $17.9m to $15.2m (-15%), an average of -4.0% a year. The sharpest change came in the year to June 2021, when income rose by 70%. 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, Evergreen Virtual Academy sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within OR. Charities of a similar size with the same main cause include Warner Pacific University ($15.2m), Lyndon Institute ($15.2m) and Friends of Team Academy Charter School a New Jersey Non-Profit Org ($15.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $9.1m against liabilities of $13.4m, net assets of -$4.3m.