Veritas Classes Inc

Analysis

Veritas Classes Inc is a registered charity in United States, based in Elon, NC. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Veritas Classes Inc reported income of $76k and spending of $74k, spending 96% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $81k to $76k (-5.6%), an average of -5.6% a year. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Veritas Classes Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 28th percentile within NC. Charities of a similar size with the same main cause include St James Academy Bangalore ($76k), Huntsville Band Booster Club Inc ($76k) and Lower Burrell Meals on Wheels ($76k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $13k against liabilities of $0, net assets of $13k.