Victory Transformation Inc

Analysis

Victory Transformation Inc is a registered charity in United States, based in Oswego, NY. It received its IRS tax-exemption ruling in November 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Transformation Inc reported income of $497k and spending of $252k, leaving 49% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $215k to $497k (+132%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 72%. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Victory Transformation Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Interfaith Community Pads Inc ($497k), Neighborhood Outreach Connection ($497k) and Roanoke Valley Adult Day Care Center Inc ($497k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 85% of the total. Other salaries and wages came to $84k. At year end it held assets of $365k against liabilities of $127k, net assets of $238k. It reported 29 employees.