Our Lady of Victory Renaissance Corporation

Analysis

Our Lady of Victory Renaissance Corporation is a registered charity in United States, based in Buffalo, NY. 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 December 2023, Our Lady of Victory Renaissance Corporation reported income of $4.0m and spending of $4.3m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.4m to $4.0m (-27%), an average of -7.4% a year. The sharpest change came in the year to December 2022, when income dropped by 24%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Our Lady of Victory Renaissance Corporation 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 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Lexington Hearing and Speech Center Inc ($4.0m), Gold Country Settlement Funding Corp ($4.0m) and Girl Scouts of Central and Western Massachusetts Inc ($4.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 99% of the total. Other salaries and wages came to $232k. At year end it held assets of $13.3m against liabilities of $8.2m, net assets of $5.0m.