Veritas Classical Christian School
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2025
$12,562,803
Program Services
85%
Contributions
11%
Investments
2%
Other
2%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2025
$12,244,585
Salaries & Benefits
59%
Grants
13%
Offices, Occupancy & IT
9%
Other
8%
Depreciation
5%
Fees to Service Providers
3%
Interest
2%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2024
2025
Change
Contributions
$3,619,522
$1,419,523
-61%
Government Grants
$1,787,882
$0
-100%
Fundraising Events
$0
$0
-
Program Services
$10,305,541
$10,645,823
+3%
Membership Dues
$0
$0
-
Investments
$219,024
$305,327
+39%
Other
$134,167
$192,130
+43%
Total Revenues
$16,066,136
$12,562,803
-22%
Expenses
2024
2025
Change
Grants
$1,715,151
$1,605,565
-6%
Benefits to Members
$0
$0
-
Salaries & Benefits
$6,404,462
$7,269,814
+14%
Fees to Service Providers
$226,924
$308,166
+36%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$1,283,069
$1,102,176
-14%
Interest
$292,376
$277,198
-5%
Depreciation
$618,205
$641,141
+4%
Other
$964,792
$1,040,525
+8%
Total Expenses
$11,504,979
$12,244,585
+6%
Net income
2024
2025
Change
Net income
+$4,561,157
+$318,218
-93%
Functional Expenses
Summary
2024
2025
Change
Program
$9,337,464
$9,947,106
+7%
Admin
$1,695,382
$1,755,232
+4%
Fundraising
$472,133
$542,247
+15%
Total Expenses
$11,504,979
$12,244,585
+6%
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