Victory Center

Analysis

Victory Center is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in September 1994, 32 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 Center reported income of $881k and spending of $717k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $611k to $881k (+44%), an average of +9.6% a year. The sharpest change came in the year to December 2021, when income rose by 60%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Victory Center sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within OH. Charities of a similar size with the same main cause include York County Literacy Council ($881k), Kollel Chazon Ish ($881k) and Lymes Youth Service Bureau Inc ($881k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 2.9% of the total. Compensation of current officers, directors and key employees was $118k (16% of expenses). Other salaries and wages came to $231k. At year end it held assets of $1.9m against liabilities of $562k, net assets of $1.3m. It reported 7 employees.