Veritas Enrichment Inc

Analysis

Veritas Enrichment Inc is a registered charity in United States, based in Kimberling Cy, MO. It received its IRS tax-exemption ruling in July 2019, 7 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 December 2023, Veritas Enrichment Inc reported income of $84k and spending of $78k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $74k to $84k (+13%), an average of +13% a year. Over the whole period it spent 90% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Veritas Enrichment Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 30th percentile within MO. Charities of a similar size with the same main cause include Agama Services Corp ($84k), Christians United Ministries Inc ($84k) and Margie McDaniel Ministries Inc ($84k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 4.5% and program service revenue 94% of the total. At year end it held assets of $48k against liabilities of $0, net assets of $48k.