Veritas Classical Christian School
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 2,175,956 | 2,279,071 | −103,115 | 3.4 | 54% |
| 2012 | 2,379,806 | 2,467,928 | −88,122 | 2.7 | 59% |
| 2013 | 3,382,491 | 2,727,190 | 655,301 | 4.6 | 53% |
| 2014 | 3,227,285 | 3,392,480 | −165,195 | 3.7 | 50% |
| 2015 | 4,522,010 | 4,134,531 | 387,479 | 4.2 | 50% |
| 2016 | 5,541,448 | 4,685,946 | 855,502 | 5.9 | 51% |
| 2017 | 7,108,392 | 5,861,431 | 1,246,961 | 7.2 | 49% |
| 2018 | 7,896,619 | 6,378,363 | 1,518,256 | 9.9 | 48% |
| 2019 | 8,343,216 | 7,556,188 | 787,028 | 9.6 | 47% |
| 2020 | 9,701,489 | 7,992,024 | 1,709,465 | 11.7 | 49% |
| 2021 | 9,876,575 | 8,561,824 | 1,314,751 | 12.9 | 49% |
| 2022 | 10,607,163 | 9,387,089 | 1,220,074 | 13.3 | 47% |
| 2023 | 14,618,151 | 10,401,228 | 4,216,923 | 16.9 | 46% |
In its most recent public year (2023), this organization brought in $4,216,923 more than it spent. Its reserves stood at about 16.9 months of spending, up from 3.4 in 2011. Staff pay was 46% of spending. $4,329,987 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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