Victory Academy

Analysis

Victory Academy is a registered charity in United States, based in Sherwood, OR. It received its IRS tax-exemption ruling in May 2009, 17 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 August 2023, Victory Academy reported income of $3.7m and spending of $3.8m, spending 103% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $3.3m to $3.7m (+13%), an average of +3.0% a year. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Victory Academy sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within OR. Charities of a similar size with the same main cause include Kesher LD Inc ($3.7m), Cincinnati Technology Academy ($3.7m) and Florida League of International Baccalaureate Schools Inc ($3.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 39% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $240k (6.3% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $7.1m against liabilities of $2.7m, net assets of $4.4m. It reported 62 employees.