California Virtual Academy At Kings

California Virtual Academy At Kings consistently matches revenues with expenses, reporting zero officer compensation across all filings.

EIN: 205252370 · Simi Valley, CA · NTEE: B29 · Updated: 2026-03-28

$9.0MRevenue

$2.8MAssets

75/100Mission Score (Good)

B29

About California Virtual Academy At Kings

California Virtual Academy At Kings (EIN: 205252370) is a nonprofit organization based in Simi Valley, CA, classified under NTEE code B29. The organization reported total revenue of $9.0M and total assets of $2.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of California Virtual Academy At Kings's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

California Virtual Academy At Kings demonstrates consistent financial activity, with revenues and expenses closely aligned across its filing history. For the period ending 202306, the organization reported revenues of $7,808,623 against expenses of $7,758,296, indicating efficient management of funds with minimal surplus. The organization's assets have shown growth, reaching $2,235,500 in 202306, up from $1,264,075 in 202006, suggesting a stable financial position. However, a notable aspect is the consistent reporting of zero officer compensation across all available filings, which could indicate that executive functions are either performed by volunteers, compensated through a related entity, or structured in a way that doesn't appear as direct officer compensation on the 990 form. This warrants further investigation for complete transparency regarding leadership costs.

The organization's NTEE code B29 (Elementary & Secondary Education) aligns with its name, suggesting a clear program focus. The close matching of revenues and expenses year over year, particularly in earlier filings where they were identical, points to a budget-conscious operation. While the 990 data provided doesn't detail the breakdown of program, administrative, and fundraising expenses, the overall financial picture suggests a focus on utilizing funds for its stated purpose. The lack of reported officer compensation, while potentially positive for donor perception, could also be a point of inquiry for a comprehensive understanding of operational costs and governance structure.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates California Virtual Academy At Kings with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 10%
programs: 90%
fundraising: 0%

According to IRS 990 filings, California Virtual Academy At Kings allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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, including the latest period ending 202306. This suggests that executive leadership is either uncompensated, compensated by a related entity, or structured in a way that does not appear as direct officer compensation on the 990, which is unusual for an organization with revenues reaching $7.8 million.

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 Academy At Kings's IRS 990 filings:

Consistent 0% officer compensation reported, which is unusual for an organization of this size and revenue, potentially obscuring true leadership costs or structure.
Liabilities consistently very close to assets, suggesting limited unrestricted net assets or reliance on restricted funds.

Strengths

The following positive indicators were identified for California Virtual Academy At Kings:

Consistent financial stability with revenues closely matching expenses, indicating efficient budget management.
Steady growth in revenue, from $3,711,648 in 201906 to $7,808,623 in 202306, demonstrating organizational expansion.
Clear alignment with its NTEE code (B29 - Elementary & Secondary Education), suggesting a focused mission.

Frequently Asked Questions about California Virtual Academy At Kings

Is California Virtual Academy At Kings a good charity?

Based on the provided data, the organization appears to be financially stable with revenues closely matching expenses, indicating efficient use of funds. However, the consistent reporting of zero officer compensation across all filings raises questions about how executive leadership is compensated or structured, which impacts a full assessment of its 'goodness' as a charity.

How does California Virtual Academy At Kings manage its executive compensation?

The IRS 990 filings for California Virtual Academy At Kings consistently report 0% officer compensation. This suggests that either executive roles are entirely volunteer-based, compensation is provided by a related entity not reflected on this specific 990, or the compensation structure is atypical and requires further clarification for full transparency.

What is the trend in assets and liabilities for California Virtual Academy At Kings?

California Virtual Academy At Kings has shown a growth in assets from $1,264,075 in 202006 to $2,235,500 in 202306. Liabilities have also increased proportionally, with the organization consistently showing assets closely matched by liabilities, for example, $2,235,500 in assets and $2,164,303 in liabilities for 202306.

Filing History

IRS 990 filing history for California Virtual Academy At Kings showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), California Virtual Academy At Kings's revenue has grown by 25.6%, moving from $6.2M to $7.8M. Total assets increased by 24.4% over the same period, from $1.8M to $2.2M. Total functional expenses rose by 24.8%, from $6.2M to $7.8M. In its most recent filing year (2023), California Virtual Academy At Kings reported a surplus of $50K, with revenue exceeding expenses. The organization holds $2.2M in liabilities against $2.2M in assets (debt-to-asset ratio: 96.8%), resulting in net assets of $71K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$7.8M	$7.8M	$2.2M	$2.2M	—	View 990
2022	$7.0M	$6.9M	$2.3M	$2.2M	—	View 990
2021	$5.0M	$5.0M	$3.0M	$3.0M	—	View 990
2020	$4.1M	$4.1M	$1.3M	$1.3M	—	View 990
2019	$3.7M	$3.7M	$975K	$975K	—	View 990
2018	$3.9M	$3.9M	$819K	$819K	—	View 990
2017	$4.3M	$4.3M	$876K	$876K	—	View 990
2016	$5.0M	$5.0M	$1.1M	$1.1M	—	View 990
2015	$5.0M	$5.0M	$1.2M	$1.2M	—	View 990
2014	$4.7M	$4.7M	$1.1M	$1.1M	—	View 990
2013	$5.1M	$5.1M	$2.1M	$2.1M	—	View 990
2012	$6.8M	$6.8M	$2.8M	$2.8M	—	View 990
2011	$6.2M	$6.2M	$1.8M	$1.8M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $7.8M, expenses of $7.8M, and assets of $2.2M (revenue +11.4% year-over-year).
2022: Revenue of $7.0M, expenses of $6.9M, and assets of $2.3M (revenue +40.6% year-over-year).
2021: Revenue of $5.0M, expenses of $5.0M, and assets of $3.0M (revenue +21.0% year-over-year).
2020: Revenue of $4.1M, expenses of $4.1M, and assets of $1.3M (revenue +11.0% year-over-year).
2019: Revenue of $3.7M, expenses of $3.7M, and assets of $975K (revenue -3.9% year-over-year).
2018: Revenue of $3.9M, expenses of $3.9M, and assets of $819K (revenue -9.8% year-over-year).
2017: Revenue of $4.3M, expenses of $4.3M, and assets of $876K (revenue -13.6% year-over-year).
2016: Revenue of $5.0M, expenses of $5.0M, and assets of $1.1M (revenue +0.1% year-over-year).
2015: Revenue of $5.0M, expenses of $5.0M, and assets of $1.2M (revenue +5.1% year-over-year).
2014: Revenue of $4.7M, expenses of $4.7M, and assets of $1.1M (revenue -7.2% year-over-year).
2013: Revenue of $5.1M, expenses of $5.1M, and assets of $2.1M (revenue -25.8% year-over-year).
2012: Revenue of $6.8M, expenses of $6.8M, and assets of $2.8M (revenue +10.1% year-over-year).
2011: Revenue of $6.2M, expenses of $6.2M, and assets of $1.8M.

Data Sources and Methodology

This transparency report for California Virtual Academy At Kings 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.