Veritas Classical Academy

Analysis

Veritas Classical Academy is a registered charity in United States, based in Beaumont, TX. It received its IRS tax-exemption ruling in July 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 December 2023, Veritas Classical Academy reported income of $964k and spending of $960k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $874k to $964k (+10%), an average of +2.5% a year. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Veritas Classical Academy sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within TX. Charities of a similar size with the same main cause include Driscoll Extended Day Program Inc ($964k), Texas County Library Foundation Inc ($964k) and Dyslexia Center of Utah-New Heights Inc ($964k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.8% and program service revenue 97% of the total. Other salaries and wages came to $701k. At year end it held assets of $449k against liabilities of $12k, net assets of $437k. It reported 65 employees.