California Virtual Academies At Los Angeles
California Virtual Academies At Los Angeles shows substantial revenue growth and zero reported officer compensation.
EIN: 205196718 · Simi Valley, CA · NTEE: B29 · Updated: 2026-03-28
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.
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.
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
How does California Virtual Academies At Los Angeles manage to report 0% officer compensation despite its significant revenue?
The consistent reporting of 0% officer compensation across all filings suggests that executive leadership may be compensated through a related management entity, or that the roles are filled by volunteers, or that compensation is structured in a way that does not fall under 'officer compensation' on the 990 form. Further investigation into their operational structure and related party transactions would be necessary to fully understand this.
What is the primary driver behind the significant revenue growth from $27 million in 2018 to nearly $90 million currently?
The substantial increase in revenue, particularly from $39,933,549 in 202006 to $81,428,977 in 202306, suggests a significant expansion in operations, potentially due to increased student enrollment, new programs, or changes in funding models, possibly accelerated by the shift to virtual learning during the pandemic.
What is the organization's strategy for managing its liabilities, which have also grown significantly alongside assets?
Liabilities have increased from $4,315,801 in 201806 to $23,600,859 in 202306. While assets have also grown, understanding the nature of these liabilities (e.g., long-term debt, program-related liabilities) is crucial to assess financial risk and sustainability.
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 | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $81.4M | $79.8M | $26.4M | $23.6M | — | — |
| 2022 | $73.9M | $72.6M | $21.4M | $20.2M | — | View 990 |
| 2021 | $46.3M | $46.3M | $29.7M | $29.7M | — | View 990 |
| 2020 | $39.9M | $39.9M | $11.4M | $11.4M | — | View 990 |
| 2019 | $36.2M | $36.2M | $9.8M | $9.8M | — | View 990 |
| 2018 | $27.7M | $27.7M | $4.3M | $4.3M | — | View 990 |
| 2017 | $27.3M | $27.3M | $4.3M | $4.3M | — | View 990 |
| 2016 | $34.3M | $34.3M | $5.9M | $5.9M | — | View 990 |
| 2015 | $33.5M | $33.5M | $9.0M | $9.0M | — | View 990 |
| 2014 | $33.7M | $33.6M | $7.7M | $7.7M | — | View 990 |
| 2013 | $34.0M | $34.0M | $12.0M | $12.0M | — | View 990 |
| 2012 | $39.6M | $39.6M | $14.2M | $14.2M | — | View 990 |
| 2011 | $34.9M | $34.9M | $8.9M | $8.9M | — | View 990 |
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.
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.