Veritas Impact Partners

Analysis

Veritas Impact Partners is a registered charity in United States, based in Irving, TX. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Veritas Impact Partners reported income of $1.0m and spending of $1.1m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $262k to $1.0m (+290%), an average of +41% a year. The sharpest change came in the year to December 2022, when income rose by 255%. Over the whole period it spent 89% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Veritas Impact Partners sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within TX. Charities of a similar size with the same main cause include Jackson Hinds Gardens Inc ($1.0m), River City Community Development Corporation ($1.0m) and Telacu Manor Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $219k (20% of expenses). Other salaries and wages came to $420k. At year end it held assets of $211k against liabilities of $41k, net assets of $170k. It reported 13 employees.