Veritas Christian Academy Inc

Analysis

Veritas Christian Academy Inc is a registered charity in United States, based in Sparta, NJ. It received its IRS tax-exemption ruling in May 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2024, Veritas Christian Academy Inc reported income of $1.0m and spending of $797k, leaving 21% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $910k to $1.0m (+11%), an average of +2.0% a year. The sharpest change came in the year to June 2023, when income rose by 336%. Over the whole period it spent 111% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Veritas Christian Academy Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 82nd percentile within NJ. Charities of a similar size with the same main cause include Center for Health and Learning Ltd ($1.0m), Buffs 4 Life ($1.0m) and Educators Leading the Profession ($1.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 31% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $83k (10% of expenses). At year end it held assets of $347k against liabilities of $12k, net assets of $335k. It reported 16 employees.