Veritas College International

Analysis

Veritas College International is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in July 2001, 25 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Veritas College International reported income of $590k and spending of $529k, spending 90% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $444k to $590k (+33%), an average of +5.8% a year. The sharpest change came in the year to June 2024, when income rose by 60%. Over the whole period it spent 91% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Veritas College International sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within TX. Charities of a similar size with the same main cause include Prophetic Life Ministry ($590k), Mission Projects International ($590k) and Get Strong Ministries Inc ($589k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 93% and program service revenue 7.5% of the total. Other salaries and wages came to $33k. At year end it held assets of $329k against liabilities of $8, net assets of $329k. It reported 1 employees.