Ohba Ohio Virtual Academy

Analysis

Ohba Ohio Virtual Academy is a registered charity in United States, based in Maumee, OH. It received its IRS tax-exemption ruling in August 2006, 20 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, Ohba Ohio Virtual Academy reported income of $128.7m and spending of $134.6m, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $102.5m to $128.7m (+26%), an average of +5.9% a year. The sharpest change came in the year to June 2021, when income rose by 42%. 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, Ohba Ohio Virtual Academy sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within OH. Charities of a similar size with the same main cause include Champlain College Inc ($128.5m), Harvard Management Company Inc ($128.7m) and Riverwalk Education Foundation Inc ($128.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $5,000 (0.0% of expenses). Other salaries and wages came to $36.5m. At year end it held assets of $14.5m against liabilities of $60.7m, net assets of -$46.2m. It reported 807 employees.