Victory Oaks Inc

Analysis

Victory Oaks 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 Oaks Inc reported income of $516k and spending of $709k, spending 137% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $450k to $516k (+15%), an average of +4.7% a year. The sharpest change came in the year to June 2021, when income rose by 18%. Over the whole period it spent 143% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Victory Oaks Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within MD. Charities of a similar size with the same main cause include Hope Meadows Foundation ($516k), Bethlehem Redevelopment Assoc ($516k) and PTA Colorado Congress ($516k).

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 $68k. At year end it held assets of $5.3m against liabilities of $968k, net assets of $4.3m.

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.