Veritas Christian Academy Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
Intelligent Faith: Equipping minds and engaging hearts for Gods Kingdom purposes. Please see our website for our philosophy and additional information.
- Income
- $4.6 million
- Spending
- $4.4 million
- Spent on programs
- 90%
- Reserves
- -2.3 months of spending
- Largest source of income
- fees for its services, 67%
- Employees
- 105
- Volunteers
- 55
- Highest pay
- $141,998, school headmaster
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Fair: 61 out of 100. Higher than 43% of charities in its peer group (education, $1m to $10m).
Reserves
0 of 35Spendable reserves are negative: it owes or has committed more than it holds.
Debt
16 of 20It owes 26% of what it owns.
Living within its means
15 of 15Income exceeded spending by 4% of income.
Income trend
15 of 15Income rose 9% on the year before.
Spending floor
15 of 1590% of spending went to programs and raising each dollar of donations cost 9 cents.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Good: 87 out of 100. Higher than 54% of charities in its peer group (education, $1m to $10m).
Independent board
18 of 254 of 4 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
9 of 15Its accounts were reviewed or compiled by an independent accountant, but not audited.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending June 30, 2025, 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 (3)
- $4.0 million spent. During the 2024-2025 school year, Veritas Christian Academy experienced a year of growth and tragedy. In late September our area was affected by Hurricane Helene and Veritas had to shut down for about a week. Many homes and businesses were flooded and a lot of people had to evacuate Western North Carolina altogether to have access to food, water and power. Veritas was able to reopen before most other schools because its location was restored quicker than others. Even with reopening some of our families struggled with some not able to return. Our community became closer during this time and our families became even stronger. . But, in the midst of hardship God remains faithful and true His blessings were ever present. Our enrollment had risen to 395 students with the largest graduating senior class that we have ever had. The festivities began with Welcome Back picnic and before we knew it the holidays were here with Lessons and Carols ringing through the church. By Spring the classic of The Music Man became alive on stage and was a beautiful production put on for all to see.
- Our final gathering for the year was our Night of the Common Arts Fundraiser where adults came to view childrens art work, take classes, and roam the halls as if they were the students. Food was provided and a silent auction filled with artwork, handmade crafts and even baby chicks that were raised and hatched at our school. It was a beautiful event that filled our halls with even more joy and excitement!
- As we end our year our beloved Headmaster, Dr. Woods and his wife Tina, who worked in the front office, informed the school that they were leaving after serving our school for nearly eight years. Their warmth and care will be deeply missed as they poured so much of their time and themselves into everything they did. As our staff gathered around and prayed for them with thankfulness for all of their years, our prayers were also filled with deep searching for who would fill those shoes. Shortly thereafter God graciously answered our prayers and Eric Woernle accepted the position to start the 2025-26 school year.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
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 September 7, 2026.
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 September 30, 2026.
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 September 10, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since March 1999.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
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 7, 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.