Veritas Christian School Inc

Analysis

Veritas Christian School Inc is a registered charity in United States, based in Alex City, AL. It received its IRS tax-exemption ruling in May 2021, 5 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 June 2023, Veritas Christian School Inc reported income of $252k and spending of $317k, spending 126% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $337k to $252k (-25%), an average of -25% a year. The sharpest change came in the year to June 2023, when income dropped by 25%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Veritas Christian School Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 60th percentile within AL. Charities of a similar size with the same main cause include Youth Mentoring Initiative Inc ($252k), Portville Free Library ($252k) and Minnesota Football Coaches Association ($252k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.5% and program service revenue 99% of the total. Other salaries and wages came to $207k. It paid $9,258 in professional fundraising fees. At year end it held assets of $0 against liabilities of $16k, net assets of -$16k. It reported 17 employees.