Veritas International University
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 320,962 | 270,512 | 50,450 | 3.8 | 36% |
| 2012 | 265,345 | 301,847 | −36,502 | 1.9 | 41% |
| 2013 | 312,095 | 283,503 | 28,592 | 3.3 | 34% |
| 2014 | 267,295 | 300,762 | −33,467 | 1.7 | 44% |
| 2015 | 294,843 | 299,846 | −5,003 | 1.5 | 43% |
| 2016 | 469,032 | 335,790 | 133,242 | 6.1 | 51% |
| 2017 | 321,956 | 328,363 | −6,407 | 6.0 | 46% |
| 2018 | 370,194 | 378,626 | −8,432 | 5.0 | 47% |
| 2019 | 701,918 | 522,405 | 179,513 | 7.7 | 35% |
| 2020 | 458,712 | 488,385 | −29,673 | 7.5 | 43% |
| 2021 | 605,574 | 556,299 | 49,275 | 8.5 | 48% |
| 2022 | 548,281 | 565,821 | −17,540 | 7.3 | 46% |
| 2023 | 485,841 | 519,158 | −33,317 | 7.1 | 43% |
In its most recent public year (2023), this organization spent $33,317 more than it brought in. Its reserves stood at about 7.1 months of spending, up from 3.8 in 2011. Staff pay was 43% 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
Veritas International University's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works