Veritas Counseling Center

Analysis

Veritas Counseling Center is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in June 2015, 11 years ago. 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 Counseling Center reported income of $218k and spending of $229k, spending 105% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income fell from $258k to $218k (-16%), an average of -8.2% a year. The sharpest change came in the year to December 2023, when income rose by 143%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Veritas Counseling Center sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within LA. Charities of a similar size with the same main cause include Dreher High School Athletic Booster Club ($218k), Humane Society of Harrison County ($218k) and PTA California Congress of Parents Teachers & Students Inc ($218k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 90% of the total. At year end it held assets of $43k against liabilities of $0, net assets of $43k.