Victory Heights Inc

Analysis

Victory Heights Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Victory Heights Inc reported income of $918k and spending of $1.1m, spending 123% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $805k to $918k (+14%), an average of +4.5% a year. Over the whole period it spent 124% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Victory Heights Inc sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within MD. Charities of a similar size with the same main cause include Veterans Association of Bristol County Inc ($918k), Baker-Hunt Foundation Inc ($918k) and Illuminart Productions ($918k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $119k. At year end it held assets of $9.9m against liabilities of $4.4m, net assets of $5.5m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.