Veritas Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 5,688,437 | 6,227,480 | −539,043 | 12.1 | 48% |
| 2021 | 7,462,193 | 6,368,468 | 1,093,725 | 13.9 | 49% |
| 2022 | 7,504,873 | 7,165,302 | 339,571 | 12.9 | 50% |
| 2023 | 9,480,000 | 8,100,758 | 1,379,242 | 14.4 | 51% |
In its most recent public year (2023), this organization brought in $1,379,242 more than it spent. Its reserves stood at about 14.4 months of spending, up from 12.1 in 2020. Staff pay was 51% of spending. $371,350 of its net assets are donor-restricted.
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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