Veritas Classical Academy Inc

Analysis

Veritas Classical Academy Inc is a registered charity in United States, based in Marietta, OH. It received its IRS tax-exemption ruling in July 2019, 7 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 August 2023, Veritas Classical Academy Inc reported income of $676k and spending of $738k, spending 109% of what it took in. The sharpest change came in the year to August 2021, when income rose by 43%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Veritas Classical Academy Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within OH. Charities of a similar size with the same main cause include Liberty-Benton Athletic Boosters ($676k), Vocatio Career-Prep High School ($676k) and Academy of Innovation Inc ($676k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Other salaries and wages came to $493k. At year end it held assets of $397k against liabilities of $191k, net assets of $206k. It reported 31 employees.