Veritas Classical Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2013 | 123,757 | 99,755 | 24,002 | 2.9 | — |
| 2014 | 240,091 | 230,478 | 9,613 | 1.8 | 67% |
| 2015 | 414,775 | 403,676 | 11,099 | 1.3 | 63% |
| 2016 | 634,753 | 476,235 | 158,518 | 5.1 | 67% |
| 2017 | 650,923 | 578,493 | 72,430 | 5.8 | 70% |
| 2018 | 656,349 | 662,646 | −6,297 | 4.9 | 73% |
| 2019 | 873,993 | 921,902 | −47,909 | 3.0 | 63% |
| 2020 | 983,528 | 933,734 | 49,794 | 3.6 | 65% |
| 2021 | 975,611 | 888,314 | 87,297 | 5.0 | 71% |
| 2022 | 957,905 | 892,199 | 65,706 | 5.8 | 73% |
| 2023 | 963,893 | 960,229 | 3,664 | 5.5 | 73% |
In its most recent public year (2023), this organization brought in $3,664 more than it spent. Its reserves stood at about 5.5 months of spending, up from 2.9 in 2013. Staff pay was 73% of spending. $27,952 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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