Veritas Classical Private School Inc

Analysis

Veritas Classical Private School Inc is a registered charity in United States, based in St Augustine, FL. It received its IRS tax-exemption ruling in August 2017, 9 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 2024, Veritas Classical Private School Inc reported income of $2.5m and spending of $2.4m, spending 96% of its income. Across the 5 years on record, from June 2018 to June 2024, income grew from $369k to $2.5m (+587%), an average of +62% a year. The sharpest change came in the year to June 2022, when income rose by 87%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Veritas Classical Private School Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include Odyssey School ($2.5m), LA Compost ($2.5m) and Wildflower Open Classroom ($2.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 7.0% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $122k (5.0% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $727k against liabilities of $205k, net assets of $522k. It reported 55 employees.