Veritas Christian Academy Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 802,670 | 767,357 | 35,313 | 18.7 | 52% |
| 2012 | 1,042,719 | 1,089,393 | −46,674 | 13.5 | 41% |
| 2013 | 746,327 | 852,193 | −105,866 | 15.8 | 63% |
| 2014 | 851,178 | 994,855 | −143,677 | 11.8 | 64% |
| 2015 | 836,998 | 910,711 | −73,713 | 11.9 | 55% |
| 2016 | 1,021,297 | 958,665 | 62,632 | 12.1 | 57% |
| 2017 | 949,612 | 1,003,351 | −53,739 | 10.9 | 57% |
| 2018 | 823,311 | 905,855 | −82,544 | 11.0 | 59% |
| 2019 | 909,747 | 961,824 | −52,077 | 9.7 | 63% |
| 2020 | 759,398 | 721,392 | 38,006 | 13.6 | 57% |
| 2021 | 756,580 | 736,018 | 20,562 | 13.7 | 57% |
| 2022 | 169,424 | 769,081 | −599,657 | 3.7 | 59% |
| 2023 | 738,014 | 848,047 | −110,033 | 1.8 | 54% |
| 2024 | 1,005,647 | 796,682 | 208,965 | 5.1 | 10% |
In its most recent public year (2024), this organization brought in $208,965 more than it spent. Its reserves stood at about 5.1 months of spending, down from 18.7 in 2011. Staff pay was 10% of spending. $242,788 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 2024. 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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