Veritas Preparatory School Inc

Analysis

Veritas Preparatory School Inc is a registered charity in United States, based in Greenville, SC. It received its IRS tax-exemption ruling in June 2014, 12 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 Preparatory School Inc reported income of $2.5m and spending of $2.1m, spending 81% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $841k to $2.5m (+199%), an average of +32% a year. The sharpest change came in the year to June 2023, when income rose by 44%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Veritas Preparatory School Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within SC. Charities of a similar size with the same main cause include Calhoun Falls Charter School ($2.5m), Mesivta Ahavas Hatorah ($2.5m) and Bellevue Santa Fe Charter School Inc ($2.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 10% and program service revenue 88% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $1.1m against liabilities of $262k, net assets of $790k. It reported 60 employees.