Victory Starts Now

Analysis

Victory Starts Now is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in September 2022, 4 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Starts Now reported income of $23.4m and spending of $23.9m, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $24.4m to $23.4m (-3.8%), an average of -3.8% a year. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Victory Starts Now sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Network Inc ($23.4m), Urac ($23.4m) and Employment Solutions Inc ($23.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $568k (2.4% of expenses). Other salaries and wages came to $10.2m. At year end it held assets of $4.4m against liabilities of $4.4m, net assets of $0. It reported 221 employees.