Victory Television Network Inc

Analysis

Victory Television Network Inc is a registered charity in United States, based in Little Rock, AR. It received its IRS tax-exemption ruling in June 2015, 11 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 Television Network Inc reported income of $2.1m and spending of $3.1m, spending 146% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $2.1m (+0.8%), an average of +0.2% a year. The sharpest change came in the year to December 2020, when income rose by 17%. Over the whole period it spent 135% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Victory Television Network Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within AR. Charities of a similar size with the same main cause include In Grace Ministries Inc ($2.1m), Mission West Foundation ($2.1m) and Work Options for Women ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 62% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $9.9m against liabilities of $398k, net assets of $9.5m. It reported 22 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.