Victory Christian Academy Inc

Analysis

Victory Christian Academy Inc is a registered charity in United States, based in Hibbing, MN. It received its IRS tax-exemption ruling in March 1990, 36 years ago. 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 Inc reported income of $500k and spending of $532k, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $395k to $500k (+27%), an average of +6.1% a year. The sharpest change came in the year to June 2022, when income rose by 22%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Victory Christian Academy Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within MN. Charities of a similar size with the same main cause include Gesu Endowment Fund ($500k), Hope Housing Development Corporation ($500k) and Northeast Mental Health Housing Inc ($500k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.6% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $45k (8.4% of expenses). Other salaries and wages came to $280k. At year end it held assets of $586k against liabilities of $29k, net assets of $557k. It reported 20 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.