LA Vida Independent Study Charter School

Analysis

LA Vida Independent Study Charter School is a registered charity in United States, based in Ukiah, CA. It received its IRS tax-exemption ruling in September 2001, 25 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, LA Vida Independent Study Charter School reported income of $1.1m and spending of $1.1m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $870k to $1.1m (+26%), an average of +6.0% a year. The sharpest change came in the year to June 2022, when income rose by 24%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, LA Vida Independent Study Charter School sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Lighthouse Academy for Dyslexia ($1.1m), Nativity Preparatory School New Bedford Inc ($1.1m) and Illowa-Sheet Metal Workers Joint Apprenticeship & Training Comm Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $77k (6.9% of expenses). Other salaries and wages came to $523k. At year end it held assets of $552k against liabilities of $197k, net assets of $355k. It reported 34 employees.