Victory Homes for Boys

Analysis

Victory Homes for Boys is a registered charity in United States, based in Amberg, WI. It received its IRS tax-exemption ruling in January 1988, 38 years ago. 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 August 2023, Victory Homes for Boys reported income of $531k and spending of $522k, spending 98% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $761k to $531k (-30%), an average of -8.6% a year. The sharpest change came in the year to August 2021, when income rose by 59%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Victory Homes for Boys sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within WI. Charities of a similar size with the same main cause include Delano Area Sports Arena Inc ($531k), Hope Community Center Inc ($531k) and Greenfield Central School Foundation Inc ($531k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 91% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $53k (10% of expenses). Other salaries and wages came to $196k. At year end it held assets of $1.6m against liabilities of $26k, net assets of $1.6m. It reported 12 employees.