Chicago Virtual Charter School
Chicago Virtual Charter School consistently operates with a surplus, growing assets, and reports no officer compensation.
EIN: 10863627 · Chicago, IL · NTEE: B20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7.7M |
| Total Expenses | $6.6M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $7 |
| Net Assets | $2.3M |
| Transparency Score | 90/100 |
Is Chicago Virtual Charter School Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Chicago Virtual Charter School directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Chicago Virtual Charter School
Chicago Virtual Charter School (EIN: 10863627) is a nonprofit organization based in Chicago, IL, classified under NTEE code B20. The organization reported total revenue of $7.7M and total assets of $3.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chicago Virtual Charter School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chicago Virtual Charter School is a mid-size nonprofit that has been operating for 17 years, with 10 years of IRS 990 filings on record (2011–2020). Revenue has grown at a compound annual rate of 5.6%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.7M |
| Total Expenses | $6.6M |
| Surplus / Deficit | +$1.1M |
| Total Assets | $3.3M |
| Total Liabilities | $1.1M |
| Net Assets | $2.3M |
| Operating Margin | 14.5% |
| Debt-to-Asset Ratio | 32.1% |
| Months of Reserves | 6.1 months |
Financial Health Grade: A
In 2020, Chicago Virtual Charter School reported a surplus of $1.1M with revenue exceeding expenses, holds 6.1 months of operating reserves (strong position), has a debt-to-asset ratio of 32.1% (moderate leverage).
Financial Trends
Over 10 years of filings (2011–2020), Chicago Virtual Charter School's revenue has grown at a compound annual growth rate (CAGR) of 5.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -2.6% | -2.7% | +67.5% |
| 2019 | -2.4% | -19.3% | +11.5% |
| 2018 | +11.8% | +20.5% | +35.1% |
| 2017 | -0.1% | -8.0% | -12.7% |
| 2016 | -5.0% | -1.0% | -23.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2009 |
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 Chicago Virtual Charter School with a Mission Score of 90 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Chicago Virtual Charter School allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 32.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This suggests a strong commitment to directing all available funds towards the school's operational and programmatic needs, which is highly favorable for an organization of its size with annual revenues around $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.
Strengths
The following positive indicators were identified for Chicago Virtual Charter School:
- 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.
Frequently Asked Questions about Chicago Virtual Charter School
Is Chicago Virtual Charter School a legitimate charity?
Chicago Virtual Charter School (EIN: 10863627) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 90/100. It has 10 years of IRS 990 filings on record. Total revenue: $7.7M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Chicago Virtual Charter School spend its money?
Chicago Virtual Charter School directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Chicago Virtual Charter School tax-deductible?
Chicago Virtual Charter School is registered as a tax-exempt nonprofit (EIN: 10863627). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Chicago Virtual Charter School CEO make?
Chicago Virtual Charter School's highest-compensated officer earns $7 annually. The organization reported $7.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Chicago Virtual Charter School's spending goes to programs?
Chicago Virtual Charter School directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Chicago Virtual Charter School compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Chicago Virtual Charter School is above average for NTEE category B20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Chicago Virtual Charter School located?
Chicago Virtual Charter School is headquartered in Chicago, Illinois and files with the IRS under EIN 10863627. It is classified under NTEE code B20.
How many years of IRS 990 filings does Chicago Virtual Charter School have?
Chicago Virtual Charter School has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $7.7M in total revenue.
Is Chicago Virtual Charter School a good charity?
Based on the provided financial data, Chicago Virtual Charter School appears to be a well-managed organization. It consistently generates more revenue than expenses, leading to asset growth, and reports 0% officer compensation, indicating strong financial stewardship and a focus on its mission.
How has the organization's financial health changed over time?
The organization's financial health has generally improved, with assets growing from $790,866 in 2011 to $3,313,930 in 2020. While there were periods where expenses slightly exceeded revenue (e.g., 2018 and 2016), the overall trend shows consistent revenue generation and asset accumulation.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available filings, suggesting that its leadership either volunteers their time or is compensated through other means not reported as officer compensation on the 990, which is a strong indicator of financial efficiency and dedication to the mission.
Are there any concerns regarding the organization's liabilities?
While liabilities have fluctuated, they have generally remained at a manageable level relative to assets. For example, in 2020, liabilities were $1,063,695 against assets of $3,313,930, indicating a healthy balance sheet where assets significantly cover liabilities.
Filing History
IRS 990 filing history for Chicago Virtual Charter School showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2020), Chicago Virtual Charter School's revenue has grown by 63.9%, moving from $4.7M to $7.7M. Total assets increased by 319% over the same period, from $791K to $3.3M. Total functional expenses rose by 39.5%, from $4.7M to $6.6M. In its most recent filing year (2020), Chicago Virtual Charter School reported a surplus of $1.1M, with revenue exceeding expenses. The organization holds $1.1M in liabilities against $3.3M in assets (debt-to-asset ratio: 32.1%), resulting in net assets of $2.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $7.7M | $6.6M | $3.3M | $1.1M | — | View 990 |
| 2019 | $7.9M | $6.8M | $2.0M | $844K | — | View 990 |
| 2018 | $8.1M | $8.4M | $1.8M | $1.8M | — | View 990 |
| 2017 | $7.2M | $6.9M | $1.3M | $1.0M | — | — |
| 2016 | $7.2M | $7.5M | $1.5M | $1.5M | — | View 990 |
| 2015 | $7.6M | $7.6M | $2.0M | $1.7M | — | View 990 |
| 2014 | $6.6M | $6.5M | $1.2M | $933K | — | View 990 |
| 2013 | $5.6M | $5.6M | $929K | $698K | — | View 990 |
| 2012 | $5.0M | $5.0M | $1.1M | $899K | — | View 990 |
| 2011 | $4.7M | $4.7M | $791K | $560K | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $7.7M, expenses of $6.6M, and assets of $3.3M (revenue -2.6% year-over-year).
- 2019: Revenue of $7.9M, expenses of $6.8M, and assets of $2.0M (revenue -2.4% year-over-year).
- 2018: Revenue of $8.1M, expenses of $8.4M, and assets of $1.8M (revenue +11.8% year-over-year).
- 2017: Revenue of $7.2M, expenses of $6.9M, and assets of $1.3M (revenue -0.1% year-over-year).
- 2016: Revenue of $7.2M, expenses of $7.5M, and assets of $1.5M (revenue -5.0% year-over-year).
- 2015: Revenue of $7.6M, expenses of $7.6M, and assets of $2.0M (revenue +15.1% year-over-year).
- 2014: Revenue of $6.6M, expenses of $6.5M, and assets of $1.2M (revenue +19.0% year-over-year).
- 2013: Revenue of $5.6M, expenses of $5.6M, and assets of $929K (revenue +11.5% year-over-year).
- 2012: Revenue of $5.0M, expenses of $5.0M, and assets of $1.1M (revenue +6.4% year-over-year).
- 2011: Revenue of $4.7M, expenses of $4.7M, and assets of $791K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chicago Virtual Charter School:
Data Sources and Methodology
This transparency report for Chicago Virtual Charter School 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.