Victory Therapeutic Center Inc

Analysis

Victory Therapeutic Center Inc is a registered charity in United States, based in Roanoke, TX. It received its IRS tax-exemption ruling in September 2002, 24 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Victory Therapeutic Center Inc reported income of $690k and spending of $949k, spending 138% of what it took in. Across the 4 years on record, from July 2020 to July 2023, income grew from $594k to $690k (+16%), an average of +5.1% a year. The sharpest change came in the year to July 2021, when income rose by 41%. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Victory Therapeutic Center Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within TX. Charities of a similar size with the same main cause include Cancer Cant ($690k), Maurer Foundation for Breast Health Education Inc ($690k) and Myerstown First Aid Unit ($690k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 74% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $23k (2.5% of expenses). Other salaries and wages came to $415k. At year end it held assets of $1.5m against liabilities of $460k, net assets of $1.0m. It reported 22 employees.