Veritas Preparatory Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 3,533,127 | 3,411,954 | 121,173 | 0.9 | 58% |
| 2012 | 3,850,995 | 3,861,813 | −10,818 | 0.7 | 56% |
| 2013 | 5,051,809 | 5,141,250 | −89,441 | 0.4 | 51% |
| 2014 | 5,945,473 | 5,610,163 | 335,310 | 1.0 | 49% |
| 2015 | 6,054,967 | 5,681,301 | 373,666 | 1.8 | 50% |
| 2016 | 6,606,751 | 6,157,039 | 449,712 | 2.6 | 49% |
| 2017 | 6,618,591 | 6,554,428 | 64,163 | 2.5 | 48% |
| 2018 | 6,905,488 | 6,918,729 | −13,241 | 2.4 | 47% |
| 2019 | 7,455,471 | 7,435,482 | 19,989 | 2.3 | 46% |
| 2020 | 7,837,271 | 7,826,376 | 10,895 | 2.2 | 46% |
| 2021 | 8,349,052 | 8,007,503 | 341,549 | 2.7 | 47% |
| 2022 | 8,971,081 | 8,675,063 | 296,018 | 2.8 | 46% |
| 2023 | 10,013,225 | 9,475,432 | 537,793 | 3.3 | 46% |
In its most recent public year (2023), this organization brought in $537,793 more than it spent. Its reserves stood at about 3.3 months of spending, up from 0.9 in 2011. Staff pay was 46% 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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