Veritas Classical Christian School

Analysis

Veritas Classical Christian School is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in February 2001, 25 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 2023, Veritas Classical Christian School reported income of $14.6m and spending of $10.4m, leaving 29% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.3m to $14.6m (+75%), an average of +15% a year. The sharpest change came in the year to June 2023, when income rose by 38%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Veritas Classical Christian School sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within VA. Charities of a similar size with the same main cause include Newberry Library ($14.6m), Central Christian College of Kansas ($14.6m) and Providence Christian Academy Inc ($14.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 32% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $520k (5.0% of expenses). Other salaries and wages came to $4.2m. It paid $115k in professional fundraising fees. At year end it held assets of $25.6m against liabilities of $10.9m, net assets of $14.6m. It reported 142 employees.