South Carolina Virtual Charter School
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 18,791,718 | 18,791,718 | 0 | 0.0 | 20% |
| 2013 | 20,841,890 | 18,163,328 | 2,678,562 | 1.8 | 23% |
| 2014 | 21,525,479 | 21,060,073 | 465,406 | 1.8 | 23% |
| 2015 | 25,349,703 | 22,999,421 | 2,350,282 | -1.5 | 24% |
| 2016 | 24,842,369 | 23,951,986 | 890,383 | -1.2 | 25% |
| 2017 | 26,826,758 | 24,979,136 | 1,847,622 | -0.7 | 27% |
| 2018 | 27,029,240 | 27,252,648 | −223,408 | -0.7 | 27% |
| 2019 | 24,613,988 | 30,074,920 | −5,460,932 | -3.3 | 24% |
| 2020 | 25,262,136 | 24,773,340 | 488,796 | -4.3 | 30% |
| 2021 | 37,851,009 | 33,647,486 | 4,203,523 | -1.9 | 29% |
| 2022 | 37,235,602 | 33,948,361 | 3,287,241 | -5.8 | 29% |
| 2023 | 30,772,423 | 23,072,350 | 7,700,073 | -5.3 | 56% |
In its most recent public year (2023), this organization brought in $7,700,073 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-5.3 months), down from 0 in 2012. Staff pay was 56% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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