Verathon Academy Inc

Analysis

Verathon Academy Inc is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in June 2023, 3 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Verathon Academy Inc reported income of $140k and spending of $157k, spending 112% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $349k to $140k (-60%), an average of -60% a year. The sharpest change came in the year to December 2023, when income dropped by 60%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Verathon Academy Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within OR. Charities of a similar size with the same main cause include San Antonio Japanese Companies Association ($140k), Sceptre Foundation Inc ($140k) and Monte Vista High School Keynoters ($140k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 29% of the total. At year end it held assets of $94k against liabilities of $755, net assets of $93k.