Victory Christian Academy

Analysis

Victory Christian Academy is a registered charity in United States, based in Indianola, IA. It received its IRS tax-exemption ruling in November 2000, 26 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 2024, Victory Christian Academy reported income of $355k and spending of $353k, spending 99% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $637k to $355k (-44%), an average of -11% a year. The sharpest change came in the year to June 2023, when income dropped by 52%. Over the whole period it spent 102% 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 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within IA. Charities of a similar size with the same main cause include Missouri School Plant Managers Association ($355k), Friends of West Hollywood Elementary ($355k) and Sherlake Cultural Center ($355k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 31% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $42k (12% of expenses). At year end it held assets of $371k against liabilities of $76k, net assets of $295k. It reported 21 employees.