Victory Programs Inc

Analysis

Victory Programs Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in June 1976, 50 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Victory Programs Inc reported income of $26.8m and spending of $23.5m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $13.1m to $26.8m (+104%), an average of +20% a year. The sharpest change came in the year to June 2022, when income rose by 44%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Victory Programs Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MA. Charities of a similar size with the same main cause include Alliance Health Services Inc ($26.8m), West Valley Nursing Homes Inc ($26.8m) and Norwegian Christian Home and Health Center ($26.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $758k (3.2% of expenses). Other salaries and wages came to $11.4m. At year end it held assets of $23.6m against liabilities of $14.8m, net assets of $8.8m. It reported 390 employees.