Virtus Academy Of South Carolina
EIN: 465411636 · Florence, SC · NTEE: W99
| Metric | Value |
|---|---|
| Total Revenue | $10.2M |
| Total Expenses | $6.7M |
| Net Assets | $3.4M |
Is Virtus Academy Of South Carolina Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Virtus Academy Of South Carolina
Virtus Academy Of South Carolina (EIN: 465411636) is a nonprofit organization based in Florence, SC, classified under NTEE code W99. The organization reported total revenue of $10.2M and total assets of $30.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Virtus Academy Of South Carolina's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Virtus Academy Of South Carolina is a large nonprofit that has been operating for 9 years, with 8 years of IRS 990 filings on record (2015–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8.0M |
| Total Expenses | $6.7M |
| Surplus / Deficit | +$1.4M |
| Total Assets | $16.7M |
| Total Liabilities | $13.4M |
| Net Assets | $3.4M |
| Operating Margin | 17.2% |
| Debt-to-Asset Ratio | 79.9% |
| Months of Reserves | 30.1 months |
Financial Health Grade: A
In 2023, Virtus Academy Of South Carolina reported a surplus of $1.4M with revenue exceeding expenses, holds 30.1 months of operating reserves (strong position), has a debt-to-asset ratio of 79.9% (high leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.9% | +2.0% | +6.6% |
| 2022 | +20.7% | +37.4% | +703.8% |
| 2021 | +85.4% | +46.3% | +75.3% |
| 2020 | +58.2% | +69.0% | +99.2% |
| 2019 | +696.0% | +600.5% | +3411.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Virtus Academy Of South Carolina 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 Virtus Academy Of South Carolina 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 $1.4M, with revenue exceeding expenses.
- Debt-to-asset ratio: 79.9%.
Frequently Asked Questions about Virtus Academy Of South Carolina
Is Virtus Academy Of South Carolina a legitimate charity?
Virtus Academy Of South Carolina (EIN: 465411636) is a registered tax-exempt nonprofit based in South Carolina. It has 8 years of IRS 990 filings on record. Total revenue: $10.2M. No red flags identified. Financial health grade: A.
How does Virtus Academy Of South Carolina spend its money?
Virtus Academy Of South Carolina reported $10.2M in total revenue in IRS 990 filings. 8 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Virtus Academy Of South Carolina tax-deductible?
Virtus Academy Of South Carolina is registered as a tax-exempt nonprofit (EIN: 465411636). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Virtus Academy Of South Carolina located?
Virtus Academy Of South Carolina is headquartered in Florence, South Carolina and files with the IRS under EIN 465411636. It is classified under NTEE code W99.
How many years of IRS 990 filings does Virtus Academy Of South Carolina have?
Virtus Academy Of South Carolina has 8 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 $10.2M in total revenue.
Filing History
IRS 990 filing history for Virtus Academy Of South Carolina showing financial trends over 8 years of public records:
In its most recent filing year (2023), Virtus Academy Of South Carolina reported a surplus of $1.4M, with revenue exceeding expenses. The organization holds $13.4M in liabilities against $16.7M in assets (debt-to-asset ratio: 79.9%), resulting in net assets of $3.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8.0M | $6.7M | $16.7M | $13.4M | — | — |
| 2022 | $7.2M | $6.5M | $15.7M | $13.7M | — | View 990 |
| 2021 | $6.0M | $4.7M | $2.0M | $642K | — | View 990 |
| 2020 | $3.2M | $3.2M | $1.1M | $1.0M | — | — |
| 2019 | $2.0M | $1.9M | $559K | $423K | — | View 990 |
| 2018 | $255K | $274K | $16K | $35K | — | View 990 |
| 2016 | $0 | $0 | $0 | $0 | — | View 990 |
| 2015 | $0 | $0 | $0 | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $8.0M, expenses of $6.7M, and assets of $16.7M (revenue +11.9% year-over-year).
- 2022: Revenue of $7.2M, expenses of $6.5M, and assets of $15.7M (revenue +20.7% year-over-year).
- 2021: Revenue of $6.0M, expenses of $4.7M, and assets of $2.0M (revenue +85.4% year-over-year).
- 2020: Revenue of $3.2M, expenses of $3.2M, and assets of $1.1M (revenue +58.2% year-over-year).
- 2019: Revenue of $2.0M, expenses of $1.9M, and assets of $559K (revenue +696.0% year-over-year).
- 2018: Revenue of $255K, expenses of $274K, and assets of $16K.
- 2016: Revenue of $0, expenses of $0, and assets of $0.
- 2015: Revenue of $0, expenses of $0, and assets of $0.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Virtus Academy Of South Carolina:
Data Sources and Methodology
This transparency report for Virtus Academy Of South Carolina 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.