Veriditas Inc

Analysis

Veriditas Inc is a registered charity in United States, based in Petaluma, CA. It received its IRS tax-exemption ruling in May 1996, 30 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Veriditas Inc reported income of $515k and spending of $614k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $545k to $515k (-5.5%), an average of -1.4% a year. The sharpest change came in the year to December 2022, when income rose by 17%. Over the whole period it spent 95% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Veriditas Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within CA. Charities of a similar size with the same main cause include Kingston Penuel Christian Center Inc ($515k), Right to Life of Central California Education Fund ($515k) and The Revival for Christ Club Inc ($515k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $115k (19% of expenses). Other salaries and wages came to $147k. At year end it held assets of $187k against liabilities of $73k, net assets of $114k. It reported 6 employees.