Virtual Academy of Lafourche Inc

Analysis

Virtual Academy of Lafourche Inc is a registered charity in United States, based in Thibodaux, LA. It received its IRS tax-exemption ruling in August 2014, 12 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, Virtual Academy of Lafourche Inc reported income of $5.1m and spending of $5.1m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.3m to $5.1m (-3.7%), an average of -0.9% a year. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Virtual Academy of Lafourche Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within LA. Charities of a similar size with the same main cause include Indigenous Educational Network of Turtle Island ($5.1m), Denver Academy of Torah ($5.1m) and Walden School Corporation ($5.1m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 96% of the total. Other salaries and wages came to $449k. At year end it held assets of $2.9m against liabilities of $1.1m, net assets of $1.8m. It reported 16 employees.