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

$3.8MRevenue

$5.8MAssets

85/100Mission Score (Excellent)

B20

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.

AI Transparency Report

Veritas Christian Academy of Houston demonstrates consistent financial operations, with revenues generally exceeding or closely matching expenses over the past decade. For instance, in the 202307 period, expenses of $3,601,309 were slightly higher than revenues of $3,599,311, indicating a near break-even operation. The organization's assets have shown steady growth, increasing from $1,314,867 in 201407 to $6,180,371 in 202307, suggesting financial stability and capacity. However, liabilities have also grown significantly, from $671,220 in 201407 to $4,149,008 in 202307, which warrants closer examination to understand the nature of these obligations.

The organization consistently reports 0% officer compensation across all available filings, which is a notable aspect of its financial management and transparency regarding executive pay. While this indicates no direct compensation to officers, it's important to understand if other key employees receive substantial salaries. The NTEE code B20 (Elementary & Secondary Education) aligns with the organization's name, suggesting a clear programmatic focus. Without a detailed breakdown of expenses, it's challenging to fully assess spending efficiency beyond the overall revenue-to-expense ratio, but the consistent near break-even operations suggest a focus on utilizing funds for current operations rather than accumulating large surpluses.

Overall, Veritas Christian Academy appears to be a financially stable organization with a clear mission. The consistent growth in assets, coupled with the reported 0% officer compensation, are positive indicators. However, the significant increase in liabilities over time should be investigated further to ensure long-term financial health. The lack of detailed expense breakdowns in the provided data limits a deeper analysis of spending efficiency across programs, administration, and fundraising.

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.

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

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.	PDF
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.

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.