Intellectual Virtues Academy of Long Beach

Analysis

Intellectual Virtues Academy of Long Beach is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in July 2013, 13 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, Intellectual Virtues Academy of Long Beach reported income of $5.1m and spending of $4.7m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.1m to $5.1m (+26%), an average of +6.0% a year. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Intellectual Virtues Academy of Long Beach 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 93rd percentile within CA. Charities of a similar size with the same main cause include Center for Sound Literacy Foundation ($5.1m), Sustainable Economies Law Center ($5.1m) and Jewish Community High School ($5.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $469k (10% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $5.0m against liabilities of $2.6m, net assets of $2.4m. It reported 52 employees.