Arkansas Virtual Academy

Analysis

Arkansas Virtual Academy is a registered charity in United States, based in Little Rock, AR. It received its IRS tax-exemption ruling in May 2004, 22 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, Arkansas Virtual Academy reported income of $37.9m and spending of $38.5m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $17.3m to $37.9m (+119%), an average of +22% a year. The sharpest change came in the year to June 2021, when income rose by 45%. 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, Arkansas Virtual Academy sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within AR. Charities of a similar size with the same main cause include Howard Payne University ($37.9m), Ravenscroft School Inc ($37.9m) and Wilmington College ($37.9m).

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 $8.6m. At year end it held assets of $4.2m against liabilities of $2.9m, net assets of $1.3m. It reported 219 employees.