Veritas Academy

Analysis

Veritas Academy is a registered charity in United States, based in Cody, WY. It received its IRS tax-exemption ruling in October 2015, 11 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 Academy reported income of $332k and spending of $327k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $427k to $332k (-22%), an average of -6.1% a year. The sharpest change came in the year to December 2020, when income dropped by 68%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Veritas Academy sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 64th percentile within WY. Charities of a similar size with the same main cause include Holt Rowland Foundation Inc ($332k), Bronx Letters Foundation ($332k) and The Foundation for Delta Educational & Economic Development ($332k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 73% of the total. Other salaries and wages came to $241k. At year end it held assets of $257k against liabilities of $6,821, net assets of $250k. It reported 13 employees.