California Virtual Academies At Los Angeles

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California Virtual Academies At Los Angeles Form 990, Revenue, CEO Pay, and IRS Filing Signals

California Virtual Academies At Los Angeles is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around California Virtual Academies At Los Angeles in one place.

Is California Virtual Academies At Los Angeles Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, California Virtual Academies At Los Angeles shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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California Virtual Academies At Los Angeles directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About California Virtual Academies At Los Angeles

California Virtual Academies At Los Angeles (EIN: 205196718) is a nonprofit organization based in Simi Valley, CA, classified under NTEE code B29. The organization reported total revenue of $89.6M and total assets of $27.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of California Virtual Academies At Los Angeles's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

California Virtual Academies At Los Angeles is a major nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.3%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, California Virtual Academies At Los Angeles reported a surplus of $1.6M with revenue exceeding expenses, holds 4.0 months of operating reserves (adequate), has a debt-to-asset ratio of 89.6% (high leverage).

Financial Trends

Over 13 years of filings (2011–2023), California Virtual Academies At Los Angeles's revenue has grown at a compound annual growth rate (CAGR) of 7.3%.

IRS Tax-Exempt Classification

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates California Virtual Academies At Los Angeles with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

• admin: 7%
• programs: 90%
• fundraising: 3%

According to IRS 990 filings, California Virtual Academies At Los Angeles allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a surplus of $1.6M, with revenue exceeding expenses.
• Debt-to-asset ratio: 89.6%.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is either unpaid or compensated through other means not categorized as officer compensation on the 990, which is unusual for an organization of its size with nearly $90 million in revenue.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of California Virtual Academies At Los Angeles's IRS 990 filings:

• Consistent 0% officer compensation for an organization of this size warrants further scrutiny regarding executive compensation structure.
• Lack of detailed breakdown of program, administrative, and fundraising expenses in the provided summary makes it difficult to fully assess spending efficiency.

Strengths

The following positive indicators were identified for California Virtual Academies At Los Angeles:

• Significant and consistent revenue growth over the past decade, from $27,716,087 in 201806 to $89,576,886 currently.
• Strong asset growth, indicating increasing financial capacity and stability.
• Expenses closely align with revenue in many periods, suggesting efficient resource utilization within fiscal years.

Frequently Asked Questions about California Virtual Academies At Los Angeles

Filing History

IRS 990 filing history for California Virtual Academies At Los Angeles showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), California Virtual Academies At Los Angeles's revenue has grown by 133.2%, moving from $34.9M to $81.4M. Total assets increased by 197.2% over the same period, from $8.9M to $26.4M. Total functional expenses rose by 128.6%, from $34.9M to $79.8M. In its most recent filing year (2023), California Virtual Academies At Los Angeles reported a surplus of $1.6M, with revenue exceeding expenses. The organization holds $23.6M in liabilities against $26.4M in assets (debt-to-asset ratio: 89.6%), resulting in net assets of $2.8M.

Year-by-Year Financial Summary

• 2023: Revenue of $81.4M, expenses of $79.8M, and assets of $26.4M (revenue +10.2% year-over-year).
• 2022: Revenue of $73.9M, expenses of $72.6M, and assets of $21.4M (revenue +59.4% year-over-year).
• 2021: Revenue of $46.3M, expenses of $46.3M, and assets of $29.7M (revenue +16.0% year-over-year).
• 2020: Revenue of $39.9M, expenses of $39.9M, and assets of $11.4M (revenue +10.3% year-over-year).
• 2019: Revenue of $36.2M, expenses of $36.2M, and assets of $9.8M (revenue +30.6% year-over-year).
• 2018: Revenue of $27.7M, expenses of $27.7M, and assets of $4.3M (revenue +1.6% year-over-year).
• 2017: Revenue of $27.3M, expenses of $27.3M, and assets of $4.3M (revenue -20.4% year-over-year).
• 2016: Revenue of $34.3M, expenses of $34.3M, and assets of $5.9M (revenue +2.2% year-over-year).
• 2015: Revenue of $33.5M, expenses of $33.5M, and assets of $9.0M (revenue -0.5% year-over-year).
• 2014: Revenue of $33.7M, expenses of $33.6M, and assets of $7.7M (revenue -0.9% year-over-year).
• 2013: Revenue of $34.0M, expenses of $34.0M, and assets of $12.0M (revenue -14.1% year-over-year).
• 2012: Revenue of $39.6M, expenses of $39.6M, and assets of $14.2M (revenue +13.4% year-over-year).
• 2011: Revenue of $34.9M, expenses of $34.9M, and assets of $8.9M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for California Virtual Academies At Los Angeles:

Data Sources and Methodology

This transparency report for California Virtual Academies At Los Angeles is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.