Veritas Christian Acadamy of Houston

Analysis

Veritas Christian Acadamy of Houston is a registered charity in United States, based in Bellaire, TX. It received its IRS tax-exemption ruling in March 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Veritas Christian Acadamy of Houston reported income of $3.6m and spending of $3.6m, spending 100% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $3.2m to $3.6m (+12%), an average of +3.0% a year. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Veritas Christian Acadamy of Houston sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 93rd percentile within TX. Charities of a similar size with the same main cause include Trustees of the Free Public Library of the Township of East Brunswick ($3.6m), Billings Christian Schools ($3.6m) and Advantage Arts Academy ($3.6m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 6.9% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $170k (4.7% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $6.2m against liabilities of $4.1m, net assets of $2.0m. It reported 58 employees.