Veritas Christian Community School

Analysis

Veritas Christian Community School is a registered charity in United States, based in Sierra Vista, AZ. It received its IRS tax-exemption ruling in May 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. 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 May 2023, Veritas Christian Community School reported income of $800k and spending of $869k, spending 109% of what it took in. Across the 4 years on record, from May 2020 to May 2023, income grew from $678k to $800k (+18%), an average of +5.7% a year. The sharpest change came in the year to May 2021, when income rose by 234%. Over the whole period it spent 54% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Veritas Christian Community School sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within AZ. Charities of a similar size with the same main cause include Everybody Wins D C Inc ($800k), Chanute Public Library ($800k) and Staten Island Chamber of Commerce Foundation Inc ($800k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 3.4% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $50k (5.8% of expenses). Other salaries and wages came to $511k. At year end it held assets of $2.8m against liabilities of $3,665, net assets of $2.8m. It reported 35 employees.