St Carlo Acutis Virtual Academy Inc

Analysis

St Carlo Acutis Virtual Academy Inc is a registered charity in United States, based in Opa Locka, FL. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, St Carlo Acutis Virtual Academy Inc reported income of $1.1m and spending of $812k, leaving 24% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $283k to $1.1m (+278%), an average of +39% a year. The sharpest change came in the year to June 2020, when income rose by 94%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Carlo Acutis Virtual Academy Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within FL. Charities of a similar size with the same main cause include Bennington Public Schools Foundation ($1.1m), Westfair Association ($1.1m) and Laurens County Safe Homes Network ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $128k (16% of expenses). Other salaries and wages came to $300k. At year end it held assets of $1.1m against liabilities of $147k, net assets of $908k. It reported 27 employees.