Veritas Christian School

Analysis

Veritas Christian School is a registered charity in United States, based in Lawrence, KS. It received its IRS tax-exemption ruling in May 1979, 47 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 2020, Veritas Christian School reported income of $1.1m and spending of $973k, spending 92% of its income. Across the 2 years on record, from June 2019 to June 2020, income fell from $2.7m to $1.1m (-60%), an average of -60% a year. The sharpest change came in the year to June 2020, when income dropped by 60%. Over the whole period it spent 53% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Veritas Christian School sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within KS. Charities of a similar size with the same main cause include Sci-Tech Discovery Center Inc ($1.1m), Baitussalam USA ($1.1m) and Teton County Library Foundation and Friends Inc ($1.1m).

On its Form 990 for the period ending June 2020, revenue came from contributions and grants 26% and program service revenue 68% of the total. Other salaries and wages came to $678k. At year end it held assets of $2.2m against liabilities of $153k, net assets of $2.0m. It reported 31 employees.