Victory Crest Inc

Analysis

Victory Crest 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 Crest Inc reported income of $494k and spending of $669k, spending 135% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $437k to $494k (+13%), an average of +4.2% a year. Over the whole period it spent 138% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Victory Crest Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within MD. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($494k), Lean Ensemble Theater ($494k) and Friends of Soccer Inc ($494k).

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 $45k. At year end it held assets of $5.6m against liabilities of $1.0m, net assets of $4.6m.

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.