Veritas School

Analysis

Veritas School is a registered charity in United States, based in Newberg, OR. It received its IRS tax-exemption ruling in July 1997, 29 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 School reported income of $2.0m and spending of $2.1m, spending 109% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $2.2m to $2.0m (-11%), an average of -3.9% a year. The sharpest change came in the year to June 2022, when income rose by 20%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Veritas School sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within OR. Charities of a similar size with the same main cause include Aurora Waldorf School ($2.0m), Angela Merici and John Henry Newman Foundation Inc ($2.0m) and Citizen Film Inc ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.8% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $290k (14% of expenses). Other salaries and wages came to $905k. At year end it held assets of $3.7m against liabilities of $1.1m, net assets of $2.6m. It reported 42 employees.