Veritas Christian School Inc
EIN: 853935107 · Alex City, AL · NTEE: B20
Is Veritas Christian School Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Veritas Christian School Inc
Veritas Christian School Inc (EIN: 853935107) is a nonprofit organization based in Alex City, AL, classified under NTEE code B20. The organization reported total revenue of $230K and total assets of $11K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Veritas Christian School Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Veritas Christian School Inc is a small nonprofit that has been operating for 5 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of -25.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $252K |
| Total Expenses | $317K |
| Surplus / Deficit | $-65,097 |
| Total Assets | $0 |
| Total Liabilities | $16K |
| Net Assets | $-15,680 |
| Operating Margin | -25.8% |
| Months of Reserves | 0.0 months |
Financial Health Grade: D
In 2023, Veritas Christian School Inc reported a deficit of $65K with expenses exceeding revenue, holds 0.0 months of operating reserves (limited).
Financial Trends
Over 2 years of filings (2022–2023), Veritas Christian School Inc's revenue has declined at a compound annual growth rate (CAGR) of -25.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -25.3% | +10.1% | -100.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Veritas Christian School Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Veritas Christian School Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $65K, with expenses exceeding revenue.
Frequently Asked Questions about Veritas Christian School Inc
Is Veritas Christian School Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Veritas Christian School Inc (EIN: 853935107) insufficient data. 0 red flags identified, 0 strengths noted.
How does Veritas Christian School Inc spend its money?
Detailed spending breakdown data is not yet available for Veritas Christian School Inc. Check back for updated IRS 990 analysis.
Are donations to Veritas Christian School Inc tax-deductible?
Veritas Christian School Inc is registered as a tax-exempt nonprofit (EIN: 853935107). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Veritas Christian School Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Veritas Christian School Inc's revenue has declined by 25.3%, moving from $337K to $252K. Total assets decreased by 100% over the same period, from $55K to $0. Total functional expenses rose by 10.1%, from $288K to $317K. In its most recent filing year (2023), Veritas Christian School Inc reported a deficit of $65K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $252K | $317K | $0 | $16K | — | — |
| 2022 | $337K | $288K | $55K | $6K | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Veritas Christian School Inc:
Data Sources and Methodology
This transparency report for Veritas Christian School Inc 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.