Veritas Classical School Inc

Analysis

Veritas Classical School Inc is a registered charity in United States, based in Hernando, MS. It received its IRS tax-exemption ruling in May 2024, 2 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Veritas Classical School Inc reported income of $622k and spending of $611k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $675k to $622k (-7.9%), an average of -2.0% a year. The sharpest change came in the year to December 2020, when income dropped by 19%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Veritas Classical School Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within MS. Charities of a similar size with the same main cause include Millionaire Mind Kids ($622k), Entrepreneurs Organization ($622k) and Chester County Family Academy-A Pennsylvania Charter School ($622k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $88k (14% of expenses). Other salaries and wages came to $374k. At year end it held assets of $182k against liabilities of $0, net assets of $182k. It reported 51 employees.