Veritas Classical Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2013 | 39,678 | 38,600 | 1,078 | 0.3 | — |
| 2014 | 182,226 | 173,592 | 8,634 | 0.7 | — |
| 2015 | 197,871 | 193,261 | 4,610 | 0.3 | 63% |
| 2016 | 285,742 | 299,635 | −13,893 | 0.0 | 52% |
| 2017 | 581,991 | 431,271 | 150,720 | 4.2 | 58% |
| 2018 | 780,764 | 663,950 | 116,814 | 4.8 | 55% |
| 2019 | 799,104 | 848,537 | −49,433 | 3.1 | 55% |
| 2020 | 959,723 | 906,766 | 52,957 | 3.6 | 50% |
| 2021 | 1,230,567 | 1,075,034 | 155,533 | 4.8 | 61% |
| 2022 | 1,576,605 | 1,415,564 | 161,041 | 5.0 | 62% |
| 2023 | 2,044,533 | 1,742,552 | 301,981 | 6.1 | 58% |
In its most recent public year (2023), this organization brought in $301,981 more than it spent. Its reserves stood at about 6.1 months of spending, up from 0.3 in 2013. Staff pay was 58% 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
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