Veritas Ministries Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2010 | 248,909 | 418,068 | −169,159 | -13.8 | — |
| 2011 | 150,534 | 218,852 | −68,318 | -30.1 | — |
| 2012 | 809,429 | 790,585 | 18,844 | -7.3 | 56% |
| 2013 | 672,227 | 651,897 | 20,330 | -8.5 | 67% |
| 2014 | 683,929 | 648,208 | 35,721 | -7.8 | 67% |
| 2015 | 587,533 | 659,037 | −71,504 | -9.0 | 71% |
| 2016 | 680,674 | 589,016 | 91,658 | -8.2 | 64% |
| 2017 | 531,812 | 527,211 | 4,601 | -9.1 | 67% |
| 2018 | 452,892 | 535,490 | −82,598 | -10.8 | 67% |
| 2019 | 574,198 | 533,445 | 40,753 | -9.9 | 70% |
| 2020 | 568,436 | 688,815 | −120,379 | -9.8 | 60% |
| 2021 | 820,563 | 641,146 | 179,417 | -7.1 | 72% |
| 2022 | 920,376 | 781,473 | 138,903 | -5.3 | 67% |
| 2023 | 1,021,877 | 856,720 | 165,157 | -2.6 | 70% |
In its most recent public year (2023), this organization brought in $165,157 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-2.6 months), up from -13.8 in 2010. Staff pay was 70% of spending. $168,445 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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