Veritas Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 73,254 | 61,809 | 11,445 | 5.2 | — |
| 2017 | 92,303 | 93,308 | −1,005 | 2.8 | — |
| 2018 | 131,288 | 112,350 | 18,938 | 4.2 | — |
| 2019 | 426,702 | 141,781 | 284,921 | 27.4 | 77% |
| 2020 | 137,676 | 194,234 | −56,558 | 16.5 | 80% |
| 2021 | 187,694 | 244,133 | −56,439 | 10.4 | 78% |
| 2022 | 274,181 | 240,397 | 33,784 | 12.2 | 71% |
| 2023 | 331,980 | 326,600 | 5,380 | 9.2 | 74% |
In its most recent public year (2023), this organization brought in $5,380 more than it spent. Its reserves stood at about 9.2 months of spending, up from 5.2 in 2016. Staff pay was 74% 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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