Veritas Education Foundation

Analysis

Veritas Education Foundation is a registered charity in United States, based in Santa Fe SPGS, CA. It received its IRS tax-exemption ruling in April 2023, 3 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 June 2024, Veritas Education Foundation reported income of $277k and spending of $263k, spending 95% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $68k to $277k (+308%), an average of +102% a year. The sharpest change came in the year to June 2023, when income rose by 328%. Over the whole period it spent 108% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Veritas Education Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within CA. Charities of a similar size with the same main cause include Benzie Manistee Snowbirds Snowmobile Club Inc ($277k), Michigan Interscholastic Horsemanship Association ($277k) and Jammers Volleyball Club Inc ($277k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $22k against liabilities of $72k, net assets of -$50k.