Victory Gallop Inc

Analysis

Victory Gallop Inc is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in September 1995, 31 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 Gallop Inc reported income of $398k and spending of $464k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $385k to $398k (+3.4%), an average of +0.8% a year. The sharpest change came in the year to December 2020, when income rose by 17%. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Victory Gallop Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within OH. Charities of a similar size with the same main cause include MFT Worldwide Inc ($398k), Birth Control Advocates of New York ($398k) and Rape Counselors of East Alabama Inc ($398k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 12% of the total. Other salaries and wages came to $198k. At year end it held assets of $471k against liabilities of $0, net assets of $471k. It reported 7 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.