Victory Farm Inc

Analysis

Victory Farm Inc is a registered charity in United States, based in Gastonia, NC. It received its IRS tax-exemption ruling in January 2011, 15 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 December 2023, Victory Farm Inc reported income of $308k and spending of $295k, spending 96% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $369k to $308k (-16%), an average of -8.5% a year. The sharpest change came in the year to December 2023, when income rose by 126%. Over the whole period it spent 76% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Victory Farm Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within NC. Charities of a similar size with the same main cause include Helpcare Clinic ($308k), Sentio Counseling Center ($309k) and Stable-Spirit ($308k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $724k against liabilities of $324k, net assets of $400k.