Victory College Prep Inc

Analysis

Victory College Prep Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in February 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Victory College Prep Inc reported income of $18.0m and spending of $14.7m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.3m to $18.0m (+26%), an average of +6.0% a year. The sharpest change came in the year to June 2022, when income rose by 83%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Victory College Prep Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within IN. Charities of a similar size with the same main cause include Bay Ridge Preparatory School ($18.0m), Yula High School ($18.0m) and Center for Strategic Leadership and Organizational Coherence Inc ($18.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $541k (3.7% of expenses). Other salaries and wages came to $7.1m. At year end it held assets of $19.2m against liabilities of $14.6m, net assets of $4.6m. It reported 142 employees.