Victory Housing Inc

Analysis

Victory Housing Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in October 1982, 44 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, Victory Housing Inc reported income of $3.7m and spending of $5.6m, spending 152% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.7m to $3.7m (+0.3%), an average of +0.1% a year. The sharpest change came in the year to June 2022, when income rose by 82%. Over the whole period it spent 70% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Victory Housing Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MD. Charities of a similar size with the same main cause include Living with Purpose Incorporated ($3.7m), Albany Housing Coalition Inc ($3.7m) and Juneau Housing First Collaborative ($3.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $1.2m (22% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $44.0m against liabilities of $14.0m, net assets of $30.0m. It reported 246 employees.