Victory Academy Ocala Inc

Analysis

Victory Academy Ocala Inc is a registered charity in United States, based in Ocala, FL. It received its IRS tax-exemption ruling in October 2014, 12 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 July 2022, Victory Academy Ocala Inc reported income of $519k and spending of $597k, spending 115% of what it took in. Across the 4 years on record, from July 2019 to July 2022, income grew from $382k to $519k (+36%), an average of +11% a year. The sharpest change came in the year to July 2021, when income rose by 150%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Victory Academy Ocala 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 71st percentile, and in the 73rd percentile within FL. Charities of a similar size with the same main cause include Guaranteed Rate Foundation NFP ($519k), Trailside Day Care Inc ($519k) and Washington State Association for Justice Foundation ($519k).

On its Form 990 for the period ending July 2022, revenue came from contributions and grants 6.2% and program service revenue 89% of the total. Other salaries and wages came to $345k. At year end it held assets of $408k against liabilities of $8,864, net assets of $399k. It reported 23 employees.