Verity Inc

Analysis

Verity Inc is a registered charity in United States, based in Ft Myers, FL. It received its IRS tax-exemption ruling in December 2020, 6 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Verity Inc reported income of $344k and spending of $350k, spending 102% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $303k to $344k (+14%), an average of +2.6% a year. The sharpest change came in the year to December 2022, when income dropped by 29%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Verity Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 67th percentile within FL. Charities of a similar size with the same main cause include Child Builders ($344k), Pregnancy Resource Center Inc ($344k) and Hope Forward Foundation Inc ($344k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 107% of the total. Compensation of current officers, directors and key employees was $60k (17% of expenses). Other salaries and wages came to $151k. At year end it held assets of $198k against liabilities of $0, net assets of $198k. It reported 9 employees.