Victory Ridge Academy Inc

Analysis

Victory Ridge Academy Inc is a registered charity in United States, based in Lake Wales, FL. It received its IRS tax-exemption ruling in August 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Victory Ridge Academy Inc reported income of $11.5m and spending of $10.4m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.3m to $11.5m (+81%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 26%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Victory Ridge Academy Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include Youth Renewal Fund ($11.5m), Miami-Dade Foundation for Educational Innovation ($11.5m) and Hephzibah Charter Foundation Inc ($11.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.4% and program service revenue 82% of the total. Other salaries and wages came to $5.9m. At year end it held assets of $16.3m against liabilities of $13.9m, net assets of $2.4m. It reported 196 employees.