Victory Center Ministries Inc

Analysis

Victory Center Ministries Inc is a registered charity in United States, based in Clinton, IA. It received its IRS tax-exemption ruling in June 2010, 16 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Victory Center Ministries Inc reported income of $1.2m and spending of $1.4m, spending 121% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $1.7m to $1.2m (-32%), an average of -7.4% a year. The sharpest change came in the year to December 2020, when income rose by 69%. Over the whole period it spent 81% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Victory Center Ministries Inc sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within IA. Charities of a similar size with the same main cause include Engage Your Destiny ($1.2m), Priority One Foundation ($1.2m) and Indigenous Ministries International Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 2.5% of the total. Compensation of current officers, directors and key employees was $43k (3.0% of expenses). Other salaries and wages came to $100k. At year end it held assets of $2.5m against liabilities of $452k, net assets of $2.0m. It reported 9 employees.