Veritas Academy Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 3,403,646 | 2,453,496 | 950,150 | 8.5 | 67% |
| 2022 | 3,545,855 | 2,954,906 | 590,949 | 9.5 | 60% |
| 2023 | 4,273,600 | 3,720,204 | 553,396 | 9.3 | 61% |
| 2024 | 4,819,883 | 4,236,550 | 583,333 | 9.9 | 64% |
In its most recent public year (2024), this organization brought in $583,333 more than it spent. Its reserves stood at about 9.9 months of spending, up from 8.5 in 2021. Staff pay was 64% of spending. $231,269 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 2024. 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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