Cyber Village Academy Inc

Analysis

Cyber Village Academy Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in February 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Cyber Village Academy Inc reported income of $4.0m and spending of $3.8m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.4m to $4.0m (+19%), an average of +4.5% a year. The sharpest change came in the year to June 2021, when income rose by 24%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cyber Village Academy Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MN. Charities of a similar size with the same main cause include In Our Backyards Inc ($4.0m), Rainbow Fleet Inc ($4.0m) and Ramapo College Foundation ($4.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $448k (12% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $2.5m against liabilities of $3.6m, net assets of -$1.1m. It reported 63 employees.