Veritas Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 300,572 | 261,693 | 38,879 | 2.8 | 83% |
| 2013 | 228,154 | 266,295 | −38,141 | 1.0 | 79% |
| 2014 | 257,636 | 223,277 | 34,359 | 3.1 | 0% |
| 2015 | 175,670 | 188,548 | −12,878 | 2.6 | 0% |
| 2016 | 184,933 | 203,361 | −18,428 | 1.3 | — |
| 2017 | 185,328 | 198,059 | −12,731 | 0.6 | — |
| 2018 | 192,917 | 198,276 | −5,359 | 0.2 | — |
| 2019 | 598,396 | 180,452 | 417,944 | 28.0 | 76% |
| 2020 | 165,568 | 225,752 | −60,184 | 19.2 | 64% |
| 2021 | −170,112 | 46,262 | −216,374 | 37.7 | 37% |
| 2022 | 5 | 97,187 | −97,182 | 5.9 | — |
In its most recent public year (2022), this organization spent $97,182 more than it brought in. Its reserves stood at about 5.9 months of spending, up from 2.8 in 2012.
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 2022. 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 Academy's IRS filings as a feed — one entry per filing year, through 2022. 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