Veritas Academy Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 665,712 | 665,463 | 249 | -1.9 | 73% |
| 2011 | 919,560 | 663,103 | 256,457 | 2.7 | 72% |
| 2012 | 736,901 | 680,215 | 56,686 | 3.6 | 71% |
| 2013 | 620,999 | 586,039 | 34,960 | 4.9 | 72% |
| 2014 | 676,544 | 624,592 | 51,952 | 5.6 | 72% |
| 2015 | 765,289 | 722,250 | 43,039 | 5.6 | 74% |
| 2016 | 785,165 | 806,033 | −20,868 | 4.7 | 76% |
| 2017 | 937,390 | 873,529 | 63,861 | 5.2 | 74% |
| 2018 | 945,784 | 990,740 | −44,956 | 4.1 | 75% |
| 2019 | 1,140,586 | 1,119,043 | 21,543 | 3.8 | 76% |
| 2020 | 1,363,394 | 1,171,704 | 191,690 | 5.6 | 78% |
| 2021 | 1,355,166 | 1,353,562 | 1,604 | 4.9 | 74% |
| 2022 | 1,446,485 | 1,408,072 | 38,413 | 5.0 | 74% |
| 2023 | 1,415,311 | 1,507,899 | −92,588 | 3.9 | 71% |
In its most recent public year (2023), this organization spent $92,588 more than it brought in. Its reserves stood at about 3.9 months of spending, up from -1.9 in 2010. Staff pay was 71% 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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