Veritas Christian School Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 172,957 | 209,780 | −36,823 | 2.6 | — |
| 2021 | 210,194 | 185,344 | 24,850 | 4.5 | 71% |
| 2022 | 259,545 | 255,543 | 4,002 | 3.5 | 65% |
| 2023 | 280,605 | 307,865 | −27,260 | 1.8 | 66% |
In its most recent public year (2023), this organization spent $27,260 more than it brought in. Its reserves stood at about 1.8 months of spending. Staff pay was 66% 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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