Veritas Baptist College Inc

Analysis

Veritas Baptist College Inc is a registered charity in United States, based in Lawrenceburg, IN. It received its IRS tax-exemption ruling in December 2010, 16 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 June 2024, Veritas Baptist College Inc reported income of $1.4m and spending of $1.3m, spending 95% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $891k to $1.4m (+55%), an average of +9.2% a year. The sharpest change came in the year to June 2024, when income rose by 25%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Veritas Baptist College Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within IN. Charities of a similar size with the same main cause include Whitney Point Preschool Inc ($1.4m), Gripp Memorial Youth Foundation Inc ($1.4m) and National Academy of Design ($1.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 5.6% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $152k (12% of expenses). Other salaries and wages came to $653k. At year end it held assets of $660k against liabilities of $176k, net assets of $485k. It reported 50 employees.