South Carolina · Nonprofit
VIRTUS ACADEMY OF SOUTH CAROLINA
VIRTUS ACADEMY OF SOUTH CAROLINA (South Carolina) receives grants from 2 organizations whose IRS filings report $3,833 to it, the largest being DUKE ENERGY FOUNDATION ($2,740). 2 of them have funded it in more than one year.
- Revenue FY2025
- $10M
- Funders on record
- 2
- Grants received
- $4k
- Net assets
- $3.3M
What Virtus Academy of South Carolina does
Mission
Virtus academy will advance student achievement by preparing students for civic and career success thorugh rigorous academics, leadership development, and project-based learning.
As stated on its FY2025 Form 990.
Program
Virtus academy enrolled approximately 745 students during the 2024-25 school year, which was its seventh year as a public charter school serving students in kindergarten through grade 11
$6,999,967 spent$190,703 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $6,999,967.
The organization over time
Each line starts at 100 in 2018, so what you read is the shape rather than the size: 150 means half as much again as 2018, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $2.0M to $16M (+704%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2018 97% · 2019 98% · 2020 90% · 2021 91% · 2022 93% · 2023 93% · 2024 93% · 2025 96%. Grants only. Government contracts and fees sit inside program revenue.
96% of VIRTUS ACADEMY OF SOUTH CAROLINA’s revenue is contributions — more donation-reliant than the typical peer (30% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Brian Carpenter
Executive director
Board chair
Dr Thomas Ducey
Board chairman
As listed on its FY2025 Form 990.
Who funds it, year by year
2020 → 2023: the base narrowed from 2 funders to 1 funder, grant income fell $1k → $280.
1 of 2 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 29% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of VIRTUS ACADEMY OF SOUTH CAROLINA’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
VIRTUS ACADEMY OF SOUTH CAROLINA leans on a few funders — its largest provides 71% of grant income and the top three 100%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
29% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund VIRTUS ACADEMY OF SOUTH CAROLINA.
Largest funder’s share by year: 2020 96% · 2021 79% · 2022 76% · 2023 100% — growing more concentrated.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
VIRTUS ACADEMY OF SOUTH CAROLINA draws 100% of its grant income from funders outside South Carolina, across 1 state in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $1k arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
VIRTUS ACADEMY OF SOUTH CAROLINA has grown faster than three-quarters of the 132 public benefit nonprofits its size.
this organization peer median middle 50% of peers· 132 public benefit nonprofits $10M–$100M, FY2025
Organizations like VIRTUS ACADEMY OF SOUTH CAROLINA
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In South Carolina
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
66% of spending goes to programs.
Governance
Screen this organization
A dated, signed PDF of the compliance screen for VIRTUS ACADEMY OF SOUTH CAROLINA: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds VIRTUS ACADEMY OF SOUTH CAROLINA?
- VIRTUS ACADEMY OF SOUTH CAROLINA (South Carolina) receives grants from 2 organizations whose IRS filings report $3,833 to it, the largest being DUKE ENERGY FOUNDATION ($2,740). 2 of them have funded it in more than one year.
- How many funders does VIRTUS ACADEMY OF SOUTH CAROLINA have?
- IRS filings report 2 organizations giving $3,833 in grants to VIRTUS ACADEMY OF SOUTH CAROLINA, 2 of which have funded it in more than one year.
- Who is the largest funder of VIRTUS ACADEMY OF SOUTH CAROLINA?
- DUKE ENERGY FOUNDATION is the largest funder on record, with $2,740 in grants. The full list of funders is on this page.
- How can an organization like VIRTUS ACADEMY OF SOUTH CAROLINA find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in South Carolina. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Virtus Academy of South Carolina →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2018–2025), and the filings of 2 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing