California Virtual Academy at Fresno

Analysis

California Virtual Academy at Fresno is a registered charity in United States, based in Simi Valley, CA. It received its IRS tax-exemption ruling in December 2014, 12 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, California Virtual Academy at Fresno reported income of $17.6m and spending of $17.2m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.2m to $17.6m (+181%), an average of +30% a year. The sharpest change came in the year to June 2022, when income rose by 55%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, California Virtual Academy at Fresno sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Fei Tian College ($17.6m), Gainesville Independent School Inc ($17.6m) and University Child Development School ($17.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $6.4m. At year end it held assets of $8.1m against liabilities of $7.5m, net assets of $662k. It reported 75 employees.