Veritas Foundation

Analysis

Veritas Foundation is a registered charity in United States, based in Carnation, WA. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Foundation reported income of $86k and spending of $110k, spending 128% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $80k to $86k (+7.5%), an average of +2.4% a year. The sharpest change came in the year to December 2021, when income rose by 121%. Over the whole period it spent 88% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Veritas Foundation sits at the 39th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 28th percentile within WA. Charities of a similar size with the same main cause include Art 2 Heart ($86k), Charger Pride Scholarship Foundation Inc ($86k) and Cotton Electric Charitable Foundation ($86k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $59k against liabilities of $0, net assets of $59k.