Nevada Virtual Charter School
Nevada Virtual Charter School shows consistent revenue and asset growth, with no reported officer compensation.
EIN: 205837609 · Las Vegas, NV · NTEE: B29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $23.7M |
| Total Expenses | $16.4M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $23.7 |
| Net Assets | $-4,831,280 |
| Transparency Score | 80/100 |
Is Nevada Virtual Charter School Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Nevada Virtual Charter School directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Nevada Virtual Charter School
Nevada Virtual Charter School (EIN: 205837609) is a nonprofit organization based in Las Vegas, NV, classified under NTEE code B29. The organization reported total revenue of $23.7M and total assets of $19.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nevada Virtual Charter School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nevada Virtual Charter School is a large nonprofit that has been operating for 6 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of -0.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $18.3M |
| Total Expenses | $16.4M |
| Surplus / Deficit | +$1.9M |
| Total Assets | $12.7M |
| Total Liabilities | $17.5M |
| Net Assets | $-4,831,280 |
| Operating Margin | 10.2% |
| Debt-to-Asset Ratio | 138.1% |
| Months of Reserves | 9.3 months |
Financial Health Grade: A
In 2023, Nevada Virtual Charter School reported a surplus of $1.9M with revenue exceeding expenses, holds 9.3 months of operating reserves (strong position), has a debt-to-asset ratio of 138.1% (high leverage).
Financial Trends
Over 3 years of filings (2021–2023), Nevada Virtual Charter School's revenue has declined at a compound annual growth rate (CAGR) of -0.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.6% | -2.3% | +2.5% |
| 2022 | -0.9% | -3.8% | +64.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2020 |
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 Nevada Virtual Charter School with a Mission Score of 80 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, Nevada 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 138.1%.
Executive Compensation Analysis
The reported 0% officer compensation across all three filings is unusual for an organization of this size ($23.7 million in latest revenue) and warrants further investigation to understand how executive leadership is compensated, if at all, or if it's reported under other expense categories.
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 Nevada Virtual Charter School's IRS 990 filings:
- Historically high liabilities relative to assets
- Unusually low (0%) reported officer compensation for an organization of this size
Strengths
The following positive indicators were identified for Nevada Virtual Charter School:
- Consistent revenue generation over multiple periods
- Steady growth in assets from $7.5 million to $19.1 million
- Strong program spending ratio (estimated 85%)
Frequently Asked Questions about Nevada Virtual Charter School
Is Nevada Virtual Charter School a legitimate charity?
Nevada Virtual Charter School (EIN: 205837609) is a registered tax-exempt nonprofit based in Nevada. Our AI analysis gives it a Mission Score of 80/100. It has 3 years of IRS 990 filings on record. Total revenue: $23.7M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Nevada Virtual Charter School spend its money?
Nevada Virtual Charter School directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Nevada Virtual Charter School tax-deductible?
Nevada Virtual Charter School is registered as a tax-exempt nonprofit (EIN: 205837609). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Nevada Virtual Charter School CEO make?
Nevada Virtual Charter School's highest-compensated officer earns $23.7 annually. The organization reported $23.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Nevada Virtual Charter School's spending goes to programs?
Nevada Virtual Charter School directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Nevada Virtual Charter School compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Nevada Virtual Charter School is above average for NTEE category B29 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Nevada Virtual Charter School located?
Nevada Virtual Charter School is headquartered in Las Vegas, Nevada and files with the IRS under EIN 205837609. It is classified under NTEE code B29.
How many years of IRS 990 filings does Nevada Virtual Charter School have?
Nevada Virtual Charter School has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $23.7M in total revenue.
How does Nevada Virtual Charter School manage its significant liabilities, which have historically exceeded its assets?
The organization's liabilities have been substantial, reaching $19.1 million in 2022 and $17.5 million in 2023, often exceeding its assets in those periods. This suggests a reliance on debt or deferred revenue, and understanding the nature and terms of these liabilities is crucial for assessing long-term financial stability.
What is the explanation for 0% officer compensation reported in all filings?
For an organization with revenues in the tens of millions, reporting zero officer compensation is uncommon. It could indicate a volunteer executive team, or that compensation is categorized differently (e.g., as contractor fees), which would require further disclosure for full transparency.
What is the specific breakdown of program expenses given the organization's virtual charter school model?
Given its nature as a virtual charter school, understanding how the program expenses are allocated between instructional staff, technology infrastructure, curriculum development, and student support services would provide deeper insight into its operational efficiency and impact.
Filing History
IRS 990 filing history for Nevada Virtual Charter School showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Nevada Virtual Charter School's revenue has declined by 1.5%, moving from $18.5M to $18.3M. Total assets increased by 68.3% over the same period, from $7.5M to $12.7M. Total functional expenses fell by 6%, from $17.4M to $16.4M. In its most recent filing year (2023), Nevada Virtual Charter School reported a surplus of $1.9M, with revenue exceeding expenses. The organization holds $17.5M in liabilities against $12.7M in assets (debt-to-asset ratio: 138.1%), resulting in net assets of $-4,831,280.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $18.3M | $16.4M | $12.7M | $17.5M | — | View 990 |
| 2022 | $18.4M | $16.8M | $12.4M | $19.1M | — | View 990 |
| 2021 | $18.5M | $17.4M | $7.5M | $15.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $18.3M, expenses of $16.4M, and assets of $12.7M (revenue -0.6% year-over-year).
- 2022: Revenue of $18.4M, expenses of $16.8M, and assets of $12.4M (revenue -0.9% year-over-year).
- 2021: Revenue of $18.5M, expenses of $17.4M, and assets of $7.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nevada Virtual Charter School:
Data Sources and Methodology
This transparency report for Nevada 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.