Victory Brookside Inc

Analysis

Victory Brookside 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 publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Victory Brookside Inc reported income of $429k and spending of $407k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $353k to $429k (+21%), an average of +5.0% a year. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Victory Brookside Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within MD. Charities of a similar size with the same main cause include Center for the Study of the Americas Incorporated ($429k), Grand Forks Foundation for Education Inc ($429k) and Latin American Workshop Inc ($429k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $29k. At year end it held assets of $1.3m against liabilities of $932k, net assets of $332k.