Floridians for Quality Virtual Education Inc

Analysis

Floridians for Quality Virtual Education Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in September 2016, 10 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, Floridians for Quality Virtual Education Inc reported income of $29.8m and spending of $29.0m, spending 97% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $11.9m to $29.8m (+151%), an average of +36% a year. The sharpest change came in the year to June 2021, when income rose by 61%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Floridians for Quality Virtual Education Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within FL. Charities of a similar size with the same main cause include Sage Hill School ($29.7m), Harlem Childrens Zone Promise Academy Charter School ($29.8m) and Echoing Green Inc ($29.7m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $10.7m. At year end it held assets of $6.5m against liabilities of $4.5m, net assets of $2.1m.