Verra

Analysis

Verra is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in December 2015, 11 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Verra reported income of $29.8m and spending of $39.1m, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $13.9m to $29.8m (+114%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 95%. Over the whole period it spent 72% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Verra sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 95th percentile within DC. Charities of a similar size with the same main cause include Bay Area Environmental Research Institute ($29.3m), Iowa Natural Heritage Foundation ($29.8m) and River Partners ($28.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $2.5m (6.4% of expenses). Other salaries and wages came to $13.8m. At year end it held assets of $47.9m against liabilities of $4.5m, net assets of $43.4m. It reported 100 employees.