Victory Court Inc

Analysis

Victory Court Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Victory Court Inc reported income of $1.5m and spending of $1.8m, spending 120% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.5m to $1.5m (+0.8%), an average of +0.3% a year. Over the whole period it spent 127% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Victory Court Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MD. Charities of a similar size with the same main cause include Randolph County YMCA Inc ($1.5m), The Norman and Lida Myers Fund ($1.5m) and Meramec Hockey Club ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $129k. At year end it held assets of $12.4m against liabilities of $8.7m, net assets of $3.7m.

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.