Veritas School Of Social Sciences
EIN: 872758480 · Atlanta, GA · NTEE: B25
| Metric | Value |
|---|---|
| Total Revenue | $1.6M |
| Total Expenses | $284K |
| Net Assets | $-101,726 |
Is Veritas School Of Social Sciences Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Veritas School Of Social Sciences
Veritas School Of Social Sciences (EIN: 872758480) is a nonprofit organization based in Atlanta, GA, classified under NTEE code B25. The organization reported total revenue of $1.6M and total assets of $180K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Veritas School Of Social Sciences's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Veritas School Of Social Sciences is a mid-size nonprofit that has been operating for 3 years.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $182K |
| Total Expenses | $284K |
| Surplus / Deficit | $-101,726 |
| Total Assets | $65K |
| Total Liabilities | $167K |
| Net Assets | $-101,726 |
| Operating Margin | -55.8% |
| Debt-to-Asset Ratio | 256.2% |
| Months of Reserves | 2.8 months |
Financial Health Grade: D
In 2023, Veritas School Of Social Sciences reported a deficit of $102K with expenses exceeding revenue, holds 2.8 months of operating reserves (limited), has a debt-to-asset ratio of 256.2% (high leverage).
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2023 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Veritas School Of Social Sciences 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 School Of Social Sciences 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 $102K, with expenses exceeding revenue.
- Debt-to-asset ratio: 256.2%.
Frequently Asked Questions about Veritas School Of Social Sciences
Is Veritas School Of Social Sciences a legitimate charity?
Veritas School Of Social Sciences (EIN: 872758480) is a registered tax-exempt nonprofit based in Georgia. Total revenue: $1.6M. No red flags identified. Financial health grade: D.
How does Veritas School Of Social Sciences spend its money?
Veritas School Of Social Sciences reported $1.6M in total revenue in IRS 990 filings. 1 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Veritas School Of Social Sciences tax-deductible?
Veritas School Of Social Sciences is registered as a tax-exempt nonprofit (EIN: 872758480). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Veritas School Of Social Sciences located?
Veritas School Of Social Sciences is headquartered in Atlanta, Georgia and files with the IRS under EIN 872758480. It is classified under NTEE code B25.
Filing History
IRS 990 filing history for Veritas School Of Social Sciences showing financial trends over 1 year of public records:
In its most recent filing year (2023), Veritas School Of Social Sciences reported a deficit of $102K, with expenses exceeding revenue. The organization holds $167K in liabilities against $65K in assets (debt-to-asset ratio: 256.2%), resulting in net assets of $-101,726.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $182K | $284K | $65K | $167K | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Veritas School Of Social Sciences:
Data Sources and Methodology
This transparency report for Veritas School Of Social Sciences 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.