Victory Cup Initiative Inc

Analysis

Victory Cup Initiative Inc is a registered charity in United States, based in Winter Park, FL. It received its IRS tax-exemption ruling in October 2015, 11 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2024, Victory Cup Initiative Inc reported income of $904k and spending of $769k, spending 85% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $717k to $904k (+26%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 31%. Over the whole period it spent 95% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Victory Cup Initiative Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within FL. Charities of a similar size with the same main cause include Northside Education Foundation ($903k), United Way of the Concho Valley Inc ($905k) and Kelton & Alma White Memorial Trust ($902k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $80k (10% of expenses). Other salaries and wages came to $43k. At year end it held assets of $197k against liabilities of $30k, net assets of $167k. It reported 2 employees.