Quick charity verification for Chicago Virtual Charter School (EIN: 10863627)
Verdict: Chicago Virtual Charter School appears trustworthy
90/100Mission Score
$7.7MRevenue
$3.3MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent revenue generation exceeding expenses in most years, leading to asset growth.
Zero reported officer compensation across all filings, indicating high efficiency and mission focus.
Healthy asset growth from $790,866 in 2011 to $3,313,930 in 2020.
Strong program spending implied by the nature of a charter school and efficient financial management.
Positive net assets, with assets significantly exceeding liabilities.
Spending Breakdown
How Chicago Virtual Charter School allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Chicago Virtual Charter School
Is Chicago Virtual Charter School a legitimate charity?
Based on AI analysis of IRS 990 filings, Chicago Virtual Charter School (EIN: 10863627) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
Is Chicago Virtual Charter School a good charity to donate to?
Chicago Virtual Charter School has a Mission Score of 90/100. Revenue: $7.7M. Assets: $3.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Chicago Virtual Charter School?
The Employer Identification Number (EIN) for Chicago Virtual Charter School is 10863627. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Chicago Virtual Charter School spend its money?
Chicago Virtual Charter School allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Chicago Virtual Charter School's tax-exempt status?
You can verify Chicago Virtual Charter School's tax-exempt status using EIN 10863627 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Chicago Virtual Charter School demonstrates consistent financial operations with revenues generally exceeding expenses, leading to a healthy growth in assets over the past decade. For instance, in 2020, the organization reported revenues of $7,688,889 against expenses of $6,572,703, contributing to an increase in assets to $3,313,930 from $790,866 in 2011. The organization's spending efficiency appears strong, with a significant portion of its budget likely directed towards its educational programs, as is typical for charter schools. The consistent reporting of 0% officer compensation across all available filings suggests a commitment to directing funds towards the mission rather than executive salaries, which is a positive indicator of financial stewardship and transparency.