Victory Hall Inc

Analysis

Victory Hall Inc is a registered charity in United States, based in Bayonne, NJ. It received its IRS tax-exemption ruling in October 2003, 23 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Victory Hall Inc reported income of $133k and spending of $131k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $167k to $133k (-20%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 20%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Victory Hall Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 52nd percentile within NJ. Charities of a similar size with the same main cause include Oyate Hotanin ($133k), Dreammakers ($133k) and Salem Youth Symphony Association ($133k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. At year end it held assets of $43k against liabilities of $0, net assets of $43k.