Virtual Academy Of Lafourche Inc
EIN: 454555797 · Thibodaux, LA · NTEE: B20
| Metric | Value |
|---|---|
| Total Revenue | $6.3M |
| Total Expenses | $5.1M |
| Net Assets | $1.8M |
Is Virtual Academy Of Lafourche Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Virtual Academy Of Lafourche Inc
Virtual Academy Of Lafourche Inc (EIN: 454555797) is a nonprofit organization based in Thibodaux, LA, classified under NTEE code B20. The organization reported total revenue of $6.3M and total assets of $5.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Virtual Academy Of Lafourche Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Virtual Academy Of Lafourche Inc is a mid-size nonprofit that has been operating for 12 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 17.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.1M |
| Total Expenses | $5.1M |
| Surplus / Deficit | +$1K |
| Total Assets | $2.9M |
| Total Liabilities | $1.1M |
| Net Assets | $1.8M |
| Operating Margin | 0.0% |
| Debt-to-Asset Ratio | 36.6% |
| Months of Reserves | 6.9 months |
Financial Health Grade: A
In 2023, Virtual Academy Of Lafourche Inc reported a surplus of $1K with revenue exceeding expenses, holds 6.9 months of operating reserves (strong position), has a debt-to-asset ratio of 36.6% (moderate leverage).
Financial Trends
Over 11 years of filings (2013–2023), Virtual Academy Of Lafourche Inc's revenue has grown at a compound annual growth rate (CAGR) of 17.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -7.7% | -7.8% | +51.8% |
| 2022 | +0.3% | +9.7% | -12.3% |
| 2021 | +13.9% | +7.9% | +48.3% |
| 2020 | -8.7% | -3.9% | +3.6% |
| 2019 | +14.5% | +9.4% | +70.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Virtual Academy Of Lafourche Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Virtual Academy Of Lafourche Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1K, with revenue exceeding expenses.
- Debt-to-asset ratio: 36.6%.
Frequently Asked Questions about Virtual Academy Of Lafourche Inc
Is Virtual Academy Of Lafourche Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Virtual Academy Of Lafourche Inc (EIN: 454555797) insufficient data. 0 red flags identified, 0 strengths noted.
How does Virtual Academy Of Lafourche Inc spend its money?
Detailed spending breakdown data is not yet available for Virtual Academy Of Lafourche Inc. Check back for updated IRS 990 analysis.
Are donations to Virtual Academy Of Lafourche Inc tax-deductible?
Virtual Academy Of Lafourche Inc is registered as a tax-exempt nonprofit (EIN: 454555797). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Virtual Academy Of Lafourche Inc located?
Virtual Academy Of Lafourche Inc is headquartered in Thibodaux, Louisiana and files with the IRS under EIN 454555797. It is classified under NTEE code B20.
How many years of IRS 990 filings does Virtual Academy Of Lafourche Inc have?
Virtual Academy Of Lafourche Inc has 11 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 $6.3M in total revenue.
Filing History
IRS 990 filing history for Virtual Academy Of Lafourche Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Virtual Academy Of Lafourche Inc's revenue has grown by 406.9%, moving from $1.0M to $5.1M. Total assets increased by 609.3% over the same period, from $409K to $2.9M. Total functional expenses rose by 722.1%, from $617K to $5.1M. In its most recent filing year (2023), Virtual Academy Of Lafourche Inc reported a surplus of $1K, with revenue exceeding expenses. The organization holds $1.1M in liabilities against $2.9M in assets (debt-to-asset ratio: 36.6%), resulting in net assets of $1.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.1M | $5.1M | $2.9M | $1.1M | — | View 990 |
| 2022 | $5.5M | $5.5M | $1.9M | $71K | — | View 990 |
| 2021 | $5.5M | $5.0M | $2.2M | $336K | — | View 990 |
| 2020 | $4.8M | $4.6M | $1.5M | $95K | — | View 990 |
| 2019 | $5.3M | $4.8M | $1.4M | $201K | — | View 990 |
| 2018 | $4.6M | $4.4M | $828K | $50K | — | View 990 |
| 2017 | $4.9M | $4.6M | $696K | $104K | — | View 990 |
| 2016 | $4.9M | $5.0M | $643K | $307K | — | View 990 |
| 2015 | $4.5M | $4.6M | $453K | $63K | — | View 990 |
| 2014 | $2.4M | $2.2M | $660K | $95K | — | View 990 |
| 2013 | $1.0M | $617K | $409K | $25K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.1M, expenses of $5.1M, and assets of $2.9M (revenue -7.7% year-over-year).
- 2022: Revenue of $5.5M, expenses of $5.5M, and assets of $1.9M (revenue +0.3% year-over-year).
- 2021: Revenue of $5.5M, expenses of $5.0M, and assets of $2.2M (revenue +13.9% year-over-year).
- 2020: Revenue of $4.8M, expenses of $4.6M, and assets of $1.5M (revenue -8.7% year-over-year).
- 2019: Revenue of $5.3M, expenses of $4.8M, and assets of $1.4M (revenue +14.5% year-over-year).
- 2018: Revenue of $4.6M, expenses of $4.4M, and assets of $828K (revenue -5.4% year-over-year).
- 2017: Revenue of $4.9M, expenses of $4.6M, and assets of $696K (revenue -1.1% year-over-year).
- 2016: Revenue of $4.9M, expenses of $5.0M, and assets of $643K (revenue +10.2% year-over-year).
- 2015: Revenue of $4.5M, expenses of $4.6M, and assets of $453K (revenue +89.0% year-over-year).
- 2014: Revenue of $2.4M, expenses of $2.2M, and assets of $660K (revenue +135.8% year-over-year).
- 2013: Revenue of $1.0M, expenses of $617K, and assets of $409K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Virtual Academy Of Lafourche Inc:
Data Sources and Methodology
This transparency report for Virtual Academy Of Lafourche 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.