Victory Christian Academy

Analysis

Victory Christian Academy is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in November 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Victory Christian Academy reported income of $2.6m and spending of $2.5m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $2.6m (+37%), an average of +8.1% a year. The sharpest change came in the year to June 2022, when income rose by 79%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Victory Christian Academy sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within IN. Charities of a similar size with the same main cause include Ilm Academy Inc ($2.6m), Indianapolis-Marion County Public Library Foundation ($2.6m) and St Georges Episcopal School Inc ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.7% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $90k (3.6% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $1.9m against liabilities of $653k, net assets of $1.3m. It reported 105 employees.