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Veritas Classical Christian School

Richmond, VA · EIN 55-0770184 · 501(c)(3) · School
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Veritas Classical Christian School reported $12.6 million in revenue and $12.2 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $81.24 went to program services, $14.33 to management and general costs and $4.43 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 84.7% of the total. The highest compensation it reported for one person was $378,753 (Head of School). 5 people received more than $100,000 in reportable compensation. Revenue rose 29% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $12M

For context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $13M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 5,499 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
81.2%84.4%
Management & general
Part IX 25(C) ÷ 25(A)
14.3%13.4%
Fundraising
Part IX 25(D) ÷ 25(A)
4.4%0.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.38$0.04
Contributions & grants share of revenue
Part VIII 1h ÷ 12
11.3%19.1%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%1.1%
Program service revenue share
Part VIII 2g ÷ 12
84.7%69.9%
Highest reported compensation
Part VII-A, columns D–F
$378,753$331,578
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
3.09%1.28%
People paid over $100,000
Part VII, line 2
58
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
19.113.3
Independent voting board members
Part VI 1a–1b
8 of 9100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$9.9M expenses · 100.0% of program spending · grants $1.6M · revenue $11M

Provide Classical and Christian education to over 680 students grades JK-12; Employing teachers, upper and lower school principals, business manager, office managers, and directors of admissions and development

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
Head of School
Director/trustee, officer, 50.00 hrs/week
$310,003$0$68,750$378,753
Director of Business Operations
Highest compensated employee, 40.00 hrs/week
$157,570$0$7,430$165,000
Dean of Academics
Highest compensated employee, 40.00 hrs/week
$116,878$0$6,302$123,180
Head of Upper School
Highest compensated employee, 40.00 hrs/week
$115,925$0$5,300$121,225
Director of Advancement
Highest compensated employee, 40.00 hrs/week
$105,170$0$5,848$111,018

5 people received more than $100,000 in reportable compensation from Veritas Classical Christian School (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.1M (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$5.0M$10M$15M$20MFY2020FY2021FY2022FY2023FY2024FY2025$13M$12M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$13M$12M81.2%$20M$378,753
FY2024 ⓘ$16M$12M81.2%$19M$338,634
FY2023 ⓘ$15M$10M81.8%$15M$305,010
FY2022 ⓘ$11M$9.4M81.7%$10M$242,386
FY2021 ⓘ$9.9M$8.6M82.2%$9.2M$303,864
FY2020 ⓘ$9.7M$8.0M80.4%$7.8M$187,774

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b9 · 8 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18Yes
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 5259
  • Volunteers Part I, line 6135

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
Glave & Holmes Architecture
Professional architecture services
$209,464

Individuals listed as contractors are left out. 1 contractors were paid more than $100,000 in all.

Private foundation grants it received

1 private foundation reported grants to Veritas Classical Christian School totaling $658 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Veritas Classical Christian School's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Veritas Classical Christian School, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All education charities · Largest charities in Virginia

Questions people ask

How much of Veritas Classical Christian School's spending goes to programs?

In the fiscal year ending June 30, 2025, Veritas Classical Christian School reported that 81.2% of its $12.2 million in expenses went to program services, 14.3% to management and general and 4.4% to fundraising (Form 990, Part IX).

How much does Veritas Classical Christian School pay its top executive?

The largest total compensation Veritas Classical Christian School reported for one person in the fiscal year ending June 30, 2025 was $378,753, for the role of Head of School (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Veritas Classical Christian School get its money?

Of $12.6 million in revenue in the fiscal year ending June 30, 2025, 11.3% came from contributions and grants and 84.7% from program service revenue (Form 990, Part VIII).

Is Veritas Classical Christian School a registered charity?

The IRS lists EIN 55-0770184 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202640449349301839 · read the filing · XML
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202521279349300842 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202430809349300628 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202311359349301766 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202230609349300248 · read the filing
  • FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202120689349300412 · read the filing

All filings for EIN 55-0770184: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.