THE VERITY CHARITABLE FUND INC

EIN: 832236484 501(c)(3) Philanthropy & Grantmaking

MOORESTOWN, NJ

Total Revenue
$162,806,625
Total Expenses
$387,202
Total Assets
$414,764,148
Net Assets
$414,764,148
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Principal Officer
DANIEL BAKER
Phone
8566581110
Tax Period
2023-01-01 to 2023-12-31

THE VERITY CHARITABLE FUND INC is a major nonprofit in the Philanthropy & Grantmaking sector that reported $162.8M in total revenue in fiscal year 2023. Revenue surged 313% from the prior year, signaling strong growth momentum. The organization ran a surplus of $162.4M, a strong 100% operating margin.

Mission

DONOR-ADVISED FUND

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $114,645,903
Program Service Revenue $0
Investment Income $15
Other Revenue $48,160,707
TOTAL REVENUE $162,806,625

Expense Breakdown

Grants Paid $0
Salaries & Benefits $144,227
Fundraising Expenses $0
Program Expenses $209,400
Other Expenses $242,975
TOTAL EXPENSES $387,202

Year-over-Year Comparison

2023 2022 Change
Revenue $162,806,625 $39,462,988 +3.1%
Expenses $387,202 $1,313,097 -0.7%
Net Income $162,419,423 $38,149,891 +3.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✓ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
3
Employees
1
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✓ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANIEL BAKER CEO N/A
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $162,806,625 $387,202 $414,764,148 $162,419,423
2022 $39,462,988 $1,313,097 $266,269,233 $38,149,891
2021 $178,707,820 $203,333 $227,234,481 $178,504,487
2020 $36,921,053 $151,069 $48,229,994 $36,769,984
2019 $10,592,184 $91,929 $11,376,698 $10,500,255
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