Utah Virtual Academy

Analysis

Utah Virtual Academy is a registered charity in United States, based in Murray, UT. It received its IRS tax-exemption ruling in February 2013, 13 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, Utah Virtual Academy reported income of $23.2m and spending of $21.6m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $18.4m to $23.2m (+26%), an average of +6.0% a year. The sharpest change came in the year to June 2021, when income rose by 44%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Utah Virtual Academy 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 98th percentile within UT. Charities of a similar size with the same main cause include Red Raiders Facilities Foundation Inc ($23.2m), The Northwest School of the Arts Humanities and Environment ($23.2m) and Paul Public Charter School ($23.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.0% of the total. At year end it held assets of $14.3m against liabilities of $2.8m, net assets of $11.5m.