The Veritas Forum Inc

Analysis

The Veritas Forum Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in May 2007, 19 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Veritas Forum Inc reported income of $5.7m and spending of $6.4m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.5m to $5.7m (+131%), an average of +23% a year. The sharpest change came in the year to June 2022, when income rose by 69%. Over the whole period it spent 91% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, The Veritas Forum Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MA. Charities of a similar size with the same main cause include Bellevue Foundation Inc ($5.7m), LA Promesa Foundation ($5.7m) and Lutheran Outdoors Ministry of Texas Inc ($5.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $822k (13% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $4.8m against liabilities of $768k, net assets of $4.0m. It reported 16 employees.