Isucceed Virtual High School Inc

Analysis

Isucceed Virtual High School Inc is a registered charity in United States, based in Boise, ID. It received its IRS tax-exemption ruling in January 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Isucceed Virtual High School Inc reported income of $14.1m and spending of $10.8m, leaving 23% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $5.1m to $14.1m (+176%), an average of +29% a year. The sharpest change came in the year to June 2024, when income rose by 42%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Isucceed Virtual High School Inc 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 98th percentile within ID. Charities of a similar size with the same main cause include Options for Youth-Victor Valley Inc ($14.1m), Philips Academy Charter School Inc ($14.1m) and Watts Learning Center Foundation Inc ($14.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $143k (1.3% of expenses). Other salaries and wages came to $5.3m. At year end it held assets of $16.3m against liabilities of $4.8m, net assets of $11.5m. It reported 86 employees.