Veritas Christian Acadamy Of Houston
Veritas Christian Academy maintains stable operations with growing assets and no reported officer compensation, but liabilities have significantly increased.
EIN: 141854212 · Bellaire, TX · NTEE: B20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.8M |
| Total Expenses | $3.6M |
| Program Spending | 85% |
| Net Assets | $2.0M |
| Transparency Score | 85/100 |
Search Intent Cockpit
Veritas Christian Acadamy Of Houston Form 990, Revenue, CEO Pay, and IRS Filing Signals
Veritas Christian Acadamy Of Houston is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Veritas Christian Acadamy Of Houston in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $3.6M and expenses of $3.6M.
Revenue and Expenses
Veritas Christian Acadamy Of Houston reported $3.6M in revenue and $3.6M in expenses, a deficit of $2K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
85/100 mission score, 1 red flag, and 4 strengths are shown from structured and AI review.
Is Veritas Christian Acadamy Of Houston Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $3.1M (85%) |
Across stored filings, Veritas Christian Acadamy Of Houston shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 1 red flag identified |
| Mission spend | 85% to programs | Excellent |
| Financial durability | Grade C | 13 stored filing years |
| Peer context | Compare with At&T Corp Management & Nonrepresent Employees Postretirement Welfare | Texas and Education context |
Trust Check
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Veritas Christian Acadamy Of Houston directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Veritas Christian Acadamy Of Houston
Veritas Christian Acadamy Of Houston (EIN: 141854212) is a nonprofit organization based in Bellaire, TX, classified under NTEE code B20. The organization reported total revenue of $3.8M and total assets of $5.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Veritas Christian Acadamy Of Houston's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Veritas Christian Acadamy Of Houston is a mid-size nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.6M |
| Total Expenses | $3.6M |
| Surplus / Deficit | $-1,998 |
| Total Assets | $6.2M |
| Total Liabilities | $4.1M |
| Net Assets | $2.0M |
| Operating Margin | -0.1% |
| Debt-to-Asset Ratio | 67.1% |
| Months of Reserves | 20.6 months |
Financial Health Grade: C
In 2023, Veritas Christian Acadamy Of Houston reported a deficit of $2K with expenses exceeding revenue, holds 20.6 months of operating reserves (strong position), has a debt-to-asset ratio of 67.1% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Veritas Christian Acadamy Of Houston's revenue has grown at a compound annual growth rate (CAGR) of 6.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.6% | +8.6% | +3.8% |
| 2022 | -0.9% | -2.4% | +2.0% |
| 2021 | +4.9% | +4.6% | -2.2% |
| 2020 | +5.4% | +5.1% | +6.3% |
| 2019 | +0.0% | -2.4% | +3.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Veritas Christian Acadamy Of Houston with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Veritas Christian Acadamy Of Houston allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2K, with expenses exceeding revenue.
- Debt-to-asset ratio: 67.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no direct salaries or benefits are paid to its officers, which is a strong positive for transparency and resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Veritas Christian Acadamy Of Houston's IRS 990 filings:
- Significant increase in liabilities from $671,220 in 201407 to $4,149,008 in 202307, which needs further explanation.
Strengths
The following positive indicators were identified for Veritas Christian Acadamy Of Houston:
- Consistent reporting of 0% officer compensation across all filings, indicating strong financial transparency in executive pay.
- Steady growth in assets from $1,314,867 in 201407 to $6,180,371 in 202307, suggesting financial stability.
- Revenues generally cover or closely match expenses, indicating responsible financial management for ongoing operations.
- Clear alignment with NTEE code B20 (Elementary & Secondary Education), indicating a focused mission.
Frequently Asked Questions about Veritas Christian Acadamy Of Houston
Is Veritas Christian Acadamy Of Houston a legitimate charity?
Veritas Christian Acadamy Of Houston (EIN: 141854212) is a registered tax-exempt nonprofit based in Texas. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.8M. 1 red flag identified. 4 strengths noted. Financial health grade: C.
How does Veritas Christian Acadamy Of Houston spend its money?
Veritas Christian Acadamy Of Houston directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Veritas Christian Acadamy Of Houston tax-deductible?
Veritas Christian Acadamy Of Houston is registered as a tax-exempt nonprofit (EIN: 141854212). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Veritas Christian Acadamy Of Houston's spending goes to programs?
Veritas Christian Acadamy Of Houston directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Veritas Christian Acadamy Of Houston compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Veritas Christian Acadamy Of Houston is above average for NTEE category B20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Veritas Christian Acadamy Of Houston located?
Veritas Christian Acadamy Of Houston is headquartered in Bellaire, Texas and files with the IRS under EIN 141854212. It is classified under NTEE code B20.
How many years of IRS 990 filings does Veritas Christian Acadamy Of Houston have?
Veritas Christian Acadamy Of Houston has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $3.8M in total revenue.
What is the nature of the significant increase in liabilities, from $671,220 in 201407 to $4,149,008 in 202307?
The provided data does not specify the nature of these liabilities (e.g., mortgages, bonds, program-related debt), but their substantial growth warrants further investigation to understand the organization's financial obligations.
How does Veritas Christian Academy of Houston fund its operations given the 0% officer compensation?
While officers receive no compensation, other key employees and staff would be compensated. The organization's revenue, which reached $3,599,311 in 202307, covers operational expenses, including salaries for non-officer staff, facility costs, and program delivery.
What is the detailed breakdown of expenses beyond the overall total, specifically for program services, administrative, and fundraising costs?
The provided IRS 990 summary data does not offer a granular breakdown of expenses into program, administrative, and fundraising categories. A full IRS 990 form would be needed for this detailed analysis.
Filing History
IRS 990 filing history for Veritas Christian Acadamy Of Houston showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Veritas Christian Acadamy Of Houston's revenue has grown by 122.6%, moving from $1.6M to $3.6M. Total assets increased by 460.7% over the same period, from $1.1M to $6.2M. Total functional expenses rose by 139.5%, from $1.5M to $3.6M. In its most recent filing year (2023), Veritas Christian Acadamy Of Houston reported a deficit of $2K, with expenses exceeding revenue. The organization holds $4.1M in liabilities against $6.2M in assets (debt-to-asset ratio: 67.1%), resulting in net assets of $2.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.6M | $3.6M | $6.2M | $4.1M | — | View 990 |
| 2022 | $3.5M | $3.3M | $6.0M | $3.9M | — | View 990 |
| 2021 | $3.5M | $3.4M | $5.8M | $4.0M | — | View 990 |
| 2020 | $3.4M | $3.3M | $6.0M | $4.3M | — | View 990 |
| 2019 | $3.2M | $3.1M | $5.6M | $4.0M | — | View 990 |
| 2018 | $3.2M | $3.2M | $5.4M | $4.0M | — | View 990 |
| 2017 | $3.0M | $3.1M | $5.4M | $4.0M | — | View 990 |
| 2016 | $2.6M | $2.5M | $5.3M | $3.8M | — | View 990 |
| 2015 | $2.9M | $2.2M | $2.1M | $714K | — | View 990 |
| 2014 | $2.2M | $2.0M | $1.3M | $671K | — | View 990 |
| 2013 | $1.9M | $2.0M | $1.0M | $515K | — | View 990 |
| 2012 | $1.9M | $2.0M | $1.1M | $526K | — | View 990 |
| 2011 | $1.6M | $1.5M | $1.1M | $471K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.6M, expenses of $3.6M, and assets of $6.2M (revenue +2.6% year-over-year).
- 2022: Revenue of $3.5M, expenses of $3.3M, and assets of $6.0M (revenue -0.9% year-over-year).
- 2021: Revenue of $3.5M, expenses of $3.4M, and assets of $5.8M (revenue +4.9% year-over-year).
- 2020: Revenue of $3.4M, expenses of $3.3M, and assets of $6.0M (revenue +5.4% year-over-year).
- 2019: Revenue of $3.2M, expenses of $3.1M, and assets of $5.6M (revenue +0.0% year-over-year).
- 2018: Revenue of $3.2M, expenses of $3.2M, and assets of $5.4M (revenue +5.1% year-over-year).
- 2017: Revenue of $3.0M, expenses of $3.1M, and assets of $5.4M (revenue +17.9% year-over-year).
- 2016: Revenue of $2.6M, expenses of $2.5M, and assets of $5.3M (revenue -11.9% year-over-year).
- 2015: Revenue of $2.9M, expenses of $2.2M, and assets of $2.1M (revenue +34.8% year-over-year).
- 2014: Revenue of $2.2M, expenses of $2.0M, and assets of $1.3M (revenue +13.3% year-over-year).
- 2013: Revenue of $1.9M, expenses of $2.0M, and assets of $1.0M (revenue -0.1% year-over-year).
- 2012: Revenue of $1.9M, expenses of $2.0M, and assets of $1.1M (revenue +18.7% year-over-year).
- 2011: Revenue of $1.6M, expenses of $1.5M, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Veritas Christian Acadamy Of Houston:
Data Sources and Methodology
This transparency report for Veritas Christian Acadamy Of Houston is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.