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Verite Inc

EIN 04-3304538 · Northampton, MA

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak44 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

TO ENSURE THAT PEOPLE WORLDWIDE WORK UNDER SAFE, FAIR AND LEGAL WORKING CONDITIONS.

Income
$11.8 million
Spending
$12.7 million
Spent on programs
92%
Reserves
2 months of spending
Largest source of income
fees for its services, 97%
Employees
62
Volunteers
21
Highest pay
$193,362, chief executive officer

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 44 out of 100. Higher than 11% of charities in its peer group (arts and culture, $10m to $100m).

  • Reserves

    10 of 35

    Spendable reserves would cover 2.0 months of spending.

  • Debt

    10 of 20

    It owes 42% of what it owns.

  • Living within its means

    4 of 15

    Spending exceeded income by 7% of income.

  • Income trend

    5 of 15

    Income fell 12% on the year before.

  • Spending floor

    15 of 15

    92% of spending went to programs and raising each dollar of donations cost 8 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100. Higher than 34% of charities in its peer group (arts and culture, $10m to $100m).

  • Independent board

    25 of 25

    12 of 12 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (4)
  1. $7.8 million spent. VERITE UNDERTOOK 28 INDEPENDENT, HIGH-QUALITY, ORIGINAL RESEARCH PROJECTS FOR 18 FUNDERS IN 28 COUNTRIES IN 2024. THESE PROJECTS PROVIDED INSIGHTS ON KEY ISSUES AND CHALLENGES IN RESPONSIBLE SOURCING FOR PARTNERS ACROSS COMMODITY, PRODUCT, SECTOR, AND COUNTRY LEVELS WHILE ALSO BRINGING THE PERSPECTIVE OF WORKERS TO THE FOREFRONT. OUR UNIQUE, BOTTOM-UP APPROACH TO RESEARCH PROVIDES PARTNERS WITH AN OBJECTIVE VIEW INTO THE CONDITIONS OF WORK IN THEIR SUPPLY CHAINS WITH A FOCUS ON LISTENING TO AND PRIORITIZING THOSE WHO KNOW THOSE CONDITIONS BEST WORKERS.
  2. $2.1 million spent. VERITE CONDUCTED 173 COMPREHENSIVE AUDITS, INVESTIGATIONS, AND SCREENINGS, INCLUDING VIA OUR REMOTE FORCED LABOR SCREENING TOOL, CUMULUS, TO PROVIDE 22 COMPANIES WITH CRUCIAL INSIGHTS INTO WORKING CONDITIONS IN THEIR SUPPLY CHAINS ACROSS 24 COUNTRIES. FOCUSING ON SOME OF THE MOST DIFFICULT LABOR AND HUMAN RIGHTS ISSUES INCLUDING FORCED LABOR, HUMAN TRAFFICKING, AND CHILD LABOR THESE INTERVENTIONS CENTER THE VOICE OF WORKERS TO ALLOW US TO IDENTIFY THE ROOT CAUSE OF NONCOMPLIANCE, PRODUCING AN END PRODUCT THAT NOT ONLY IDENTIFIES ISSUES BUT ALSO PRODUCES ACTIONABLE RECOMMENDATIONS TO ADDRESS NONCOMPLIANCE SUSTAINABLY.
  3. $1.5 million spent. VERITE COMPLETED 86 CONSULTING ENGAGEMENTS, GUIDING 26 DIFFERENT PARTNERS IN 19 COUNTIES THROUGH PROCESSES WHICH STRENGTHENED THEIR COMMITMENT AND ADHERENCE TO PREVAILING HUMAN RIGHTS DUE DILIGENCE PRINCIPLES. OUR BROAD EXPERTISE ACROSS MULTIPLE INDUSTRIES ALLOWED US TO SUPPORT A VARIETY OF CLIENTS AS THEY INTEGRATED THESE PRINCIPLES INTO ASPECTS OF THEIR WORK SUCH AS STRATEGIC PLANNING, SOURCING DECISIONS, AND CASCADING ACCOUNTABILITY ACROSS THEIR VALUE CHAINS - ALWAYS WITH A FOCUS ON MITIGATING RISK FOR THE BUSINESS AND IDENTIFYING, REMEDIATING, AND PREVENTING RISK FOR WORKERS.
  4. $247,188 spent. VERITE'S TRAINING CENTER DESIGNED AND DELIVERED 26 UNIQUE TRAINING COURSES FOR STAKEHOLDERS AT ALL LEVELS OF THE VALUE CHAIN IN 2024. THE ORGANIZATION ALSO WORKED TO AFFECT CHANGES AT THE GOVERNMENT AND POLICY LEVEL. LAST YEAR WE PROVIDED TECHNICAL ASSISTANCE TO GOVERNMENTS INTERESTED IN IMPROVING THEIR WORK IN RELATION TO ISSUES SUCH AS FORCED LABOR, CHILD LABOR, AND HUMAN TRAFFICKING, WHILE ALSO PARTICIPATING IN MULTIPLE POLICY FOCUSED INITIATIVES AND COALITIONS THAT PROMOTE HUMAN AND LABOR RIGHTS POLICY.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since August 1996.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.