Victory World Missions of Texas Inc

Analysis

Victory World Missions of Texas Inc is a registered charity in United States, based in Red Oak, TX. It received its IRS tax-exemption ruling in October 2003, 23 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 World Missions of Texas Inc reported income of $146k and spending of $330k, spending 226% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $225k to $146k (-35%), an average of -10% a year. The sharpest change came in the year to December 2020, when income rose by 72%. Over the whole period it spent 120% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Victory World Missions of Texas Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 50th percentile within TX. Charities of a similar size with the same main cause include Shalom Catholic Community of Boston Inc ($146k), Fundamental Baptist Fellowship International ($146k) and Compass Ministries Inc ($146k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $76k (23% of expenses). At year end it held assets of $3.9m against liabilities of $1,550, net assets of $3.9m. It reported 1 employees.

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.