VERITE INC

Amherst, MA, US
501(c)3
EIN
04-3304538
Research Institutes & Public Policy Analysis
Logo for "VERITE INC"
Amherst, MA, US
501(c)3
EIN
04-3304538
Research Institutes & Public Policy Analysis

Overview

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Est.

1996

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

VERITE INC is a nonprofit organization dedicated to ensuring ethical labor practices in the production of consumer goods for the U.S. market, with a mission focused on worldwide inspection, verification, and certification of non-abusive labor practices. With an operating budget of $12.7 million and total revenue of $11.8 million for the filing year 2024, the organization demonstrates significant financial scale and stability. Notably, it does not rely on a single funder for 50% or more of its revenue, highlighting its diverse funding sources. For more information, visit www.verite.org.

Mission Statement

TO PROVIDE WORLD-WIDE INSPECTION, VERIFICATION AND CERTIFICATION OF NON-ABUSIVE LABOR PRACTICES OF MANUFACTURERS PRODUCING CONSUMER GOODS FOR THE U.S. MARKET.
Revenues

$11.8M

Expenses

$12.7M

Net Income:
-$850.4K
Assets

$5M

Liabilities

$2.1M

Net Assets:
+$2.9M
Operating Budget

$12.7M

Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants

3

Median grant size
$40K
Largest grant received
$500K
L
Laura Leedy Gansler
Board Member
K
Katie Ford
Board Member
D
Doug Cahn
Board Member

Frequently Asked Questions

What is VERITE INC’s budget?
In 2024, VERITE INC reported an annual operating budget of around $12.7 million. More detailed financial information is available to registered users.
What causes does VERITE INC support?
VERITE INC supports work in International economics and trade and Arts and culture.
Where does VERITE INC operate?
VERITE INC is headquartered in Amherst, MA.
Who funded VERITE INC recently?
In 2024, VERITE INC received grants from WAL-MART FOUNDATION, THE FREEDOM FUND, and MATEM FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant VERITE INC received in 2024?
The largest grant to VERITE INC in 2024 exceeds $500 thousand.
Overview
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