Veritans Club

Analysis

Veritans Club is a registered charity in United States, based in Haledon, NJ. It received its IRS tax-exemption ruling in March 1953, 73 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Veritans Club reported income of $151k and spending of $294k, spending 194% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $315k to $151k (-52%), an average of -17% a year. The sharpest change came in the year to December 2021, when income rose by 349%. Over the whole period it spent 139% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Veritans Club sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 55th percentile within NJ. Charities of a similar size with the same main cause include Tri Yoga International ($151k), Pembroke Youth Association ($151k) and Rogers Rebels Soccer Club ($151k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 4.9% of the total. At year end it held assets of $1.6m against liabilities of $707k, net assets of $882k.