Idaho Virtual Academy Inc
Idaho Virtual Academy Inc. consistently operates with liabilities exceeding assets, despite stable multi-million dollar revenues and no reported officer compensation.
EIN: 10720150 · Meridian, ID · NTEE: B40 · Updated: 2026-03-27
Is Idaho Virtual Academy Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Idaho Virtual Academy Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Idaho Virtual Academy Inc
Idaho Virtual Academy Inc (EIN: 10720150) is a nonprofit organization based in Meridian, ID, classified under NTEE code B40. The organization reported total revenue of $20.7M and total assets of $7.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Idaho Virtual Academy Inc'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 Idaho Virtual Academy Inc 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: 85%
- fundraising: 5%
According to IRS 990 filings, Idaho Virtual Academy Inc 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.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is highly unusual for an organization with revenues consistently in the tens of millions. This suggests either a volunteer leadership structure or that compensation is reported under different categories, warranting further investigation for full transparency.
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 Idaho Virtual Academy Inc's IRS 990 filings:
- Consistent liabilities exceeding assets across multiple years, indicating potential solvency concerns or significant short-term obligations.
- 0% reported officer compensation for a multi-million dollar organization, which may obscure actual executive remuneration if it's categorized elsewhere.
Strengths
The following positive indicators were identified for Idaho Virtual Academy Inc:
- Stable revenue generation, consistently operating with multi-million dollar budgets.
- No reported officer compensation, suggesting a potential commitment to directing funds towards programs or a volunteer-led executive structure.
- Consistent filing history, indicating good compliance with IRS reporting requirements.
Frequently Asked Questions about Idaho Virtual Academy Inc
Is Idaho Virtual Academy Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Idaho Virtual Academy Inc (EIN: 10720150) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Idaho Virtual Academy Inc spend its money?
Idaho Virtual Academy Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Idaho Virtual Academy Inc tax-deductible?
Idaho Virtual Academy Inc is registered as a tax-exempt nonprofit (EIN: 10720150). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why do liabilities consistently exceed assets?
The filings show a consistent trend where liabilities are greater than assets, for example, $13,543,231 in liabilities vs. $10,342,167 in assets in 2024. This could indicate reliance on debt, deferred revenue, or other obligations that need to be understood for long-term financial health.
How is executive leadership compensated if 'Officer Comp' is 0%?
The consistent reporting of 0% for officer compensation across all filings is notable for an organization of this size. It suggests that either the leadership is entirely volunteer-based, or their compensation is categorized differently within the financial statements, which would require a deeper dive into the detailed expense schedules.
What caused the significant revenue increase in 2021 and subsequent decrease?
Revenue jumped from $13,719,599 in 2020 to $25,986,079 in 2021, then decreased to $19,379,134 in 2022. Understanding the drivers behind this surge and subsequent normalization would provide insight into the organization's funding stability and growth strategy.
Filing History
IRS 990 filing history for Idaho Virtual Academy Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Idaho Virtual Academy Inc's revenue has grown by 49.8%, moving from $12.9M to $19.3M. Total assets increased by 371.7% over the same period, from $2.2M to $10.3M. Total functional expenses rose by 53.2%, from $12.9M to $19.8M. In its most recent filing year (2024), Idaho Virtual Academy Inc reported a deficit of $461K, with expenses exceeding revenue. The organization holds $13.5M in liabilities against $10.3M in assets (debt-to-asset ratio: 131.0%), resulting in net assets of $-3,201,064.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $19.3M | $19.8M | $10.3M | $13.5M | — | View 990 |
| 2023 | $17.9M | $18.5M | $11.0M | $13.7M | — | — |
| 2022 | $19.4M | $19.5M | $13.5M | $15.6M | — | View 990 |
| 2021 | $26.0M | $26.2M | $11.4M | $12.9M | — | — |
| 2020 | $13.7M | $13.7M | $5.9M | $7.2M | — | View 990 |
| 2019 | $13.1M | $13.0M | $2.6M | $3.9M | — | View 990 |
| 2018 | $12.9M | $12.8M | $2.8M | $4.1M | — | — |
| 2017 | $13.6M | $13.6M | $3.3M | $4.8M | — | View 990 |
| 2016 | $13.1M | $13.0M | $2.5M | $4.0M | — | View 990 |
| 2015 | $13.3M | $13.0M | $2.2M | $3.8M | — | View 990 |
| 2014 | $15.0M | $15.0M | $2.1M | $2.1M | — | View 990 |
| 2013 | $13.6M | $13.7M | $1.3M | $1.3M | — | View 990 |
| 2012 | $12.5M | $12.5M | $1.2M | $1.2M | — | View 990 |
| 2011 | $12.9M | $12.9M | $2.2M | $2.2M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $19.3M, expenses of $19.8M, and assets of $10.3M (revenue +8.2% year-over-year).
- 2023: Revenue of $17.9M, expenses of $18.5M, and assets of $11.0M (revenue -7.9% year-over-year).
- 2022: Revenue of $19.4M, expenses of $19.5M, and assets of $13.5M (revenue -25.4% year-over-year).
- 2021: Revenue of $26.0M, expenses of $26.2M, and assets of $11.4M (revenue +89.4% year-over-year).
- 2020: Revenue of $13.7M, expenses of $13.7M, and assets of $5.9M (revenue +4.8% year-over-year).
- 2019: Revenue of $13.1M, expenses of $13.0M, and assets of $2.6M (revenue +1.2% year-over-year).
- 2018: Revenue of $12.9M, expenses of $12.8M, and assets of $2.8M (revenue -4.9% year-over-year).
- 2017: Revenue of $13.6M, expenses of $13.6M, and assets of $3.3M (revenue +3.7% year-over-year).
- 2016: Revenue of $13.1M, expenses of $13.0M, and assets of $2.5M (revenue -1.7% year-over-year).
- 2015: Revenue of $13.3M, expenses of $13.0M, and assets of $2.2M (revenue -11.2% year-over-year).
- 2014: Revenue of $15.0M, expenses of $15.0M, and assets of $2.1M (revenue +10.4% year-over-year).
- 2013: Revenue of $13.6M, expenses of $13.7M, and assets of $1.3M (revenue +9.0% year-over-year).
- 2012: Revenue of $12.5M, expenses of $12.5M, and assets of $1.2M (revenue -3.1% year-over-year).
- 2011: Revenue of $12.9M, expenses of $12.9M, and assets of $2.2M.
Data Sources and Methodology
This transparency report for Idaho Virtual Academy Inc 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.