The Verity Charitable Fund Inc is a 501(c)(3) organization based in Moorestown, New Jersey, registered in 2018, with $3,022,261 in FY2024 revenue. CharityIndex grades it D, and it directs about 0% of spending to programs.
Revenue (FY2024)
$3.0M
▼ 98.1% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$40K
Net assets
$417.6M
Employees
0
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For The Verity Charitable Fund Inc: 0% to programs · $0 to raise $100 earns a F on this criterion. See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For The Verity Charitable Fund Inc: 125817 mo reserves · +99% margin earns a B+ on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For The Verity Charitable Fund Inc: 1 of 6 checks met earns a D on this criterion. See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For The Verity Charitable Fund Inc: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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Donor-advised fund
Revenue declined from $10.6M (FY2019) to $3.0M (FY2024) across 6 reported years.
Financial snapshot
Operating margin
98.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$417.6M
Total liabilities
$24K
Net assets
$417.6M
Salaries & benefits
$0
0% of expenses
Board members
3
3 independent
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $3,022,261▼98.1% | $39,826▼89.7% | $417,564,854▲0.7% | $417,589,152▲0.7% | 990 |
| 2023 | $162,806,625▲313% | $387,202▼70.5% | $414,764,148▲55.8% | $414,764,148▲55.8% | 990 |
| 2022 | $39,462,988▼77.9% | $1,313,097▲546% | $266,269,233▲17.2% | $266,269,233▲17.2% | 990 |
| 2021 | $178,707,820▲384% | $203,333▲34.6% | $227,234,481▲371% | $227,234,481▲371% | 990 |
| 2020 | $36,921,053▲249% | $151,069▲64.3% | $48,229,994▲324% | $48,229,994▲324% | 990 |
| 2019 | $10,592,184 | $91,929 | $11,376,698 | $11,376,698 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Daniel Baker | Ceo | — | — |
Explore more
Data for The Verity Charitable Fund Inc (EIN 83-2236484) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.