California Virtual Academy-San

Analysis

California Virtual Academy-San is a registered charity in United States, based in Simi Valley, CA. It received its IRS tax-exemption ruling in July 2008, 18 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-San reported income of $13.8m and spending of $13.5m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.2m to $13.8m (+67%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 33%. 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-San sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Cedar Tree Academy Public Charter School ($13.7m), Elmwood Franklin School Inc ($13.8m) and LA Promise Fund ($13.7m).

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 $4.8m. At year end it held assets of $4.7m against liabilities of $4.2m, net assets of $535k. It reported 48 employees.