Victory Ship Inc

Analysis

Victory Ship Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in November 1998, 28 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Ship Inc reported income of $730k and spending of $497k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $403k to $730k (+81%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 174%. Over the whole period it spent 68% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Victory Ship Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 78th percentile within FL. Charities of a similar size with the same main cause include The Journey ($730k), American Geographical Society of New York ($731k) and Longview Museum of Fine Arts ($730k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. At year end it held assets of $2.8m against liabilities of $159k, net assets of $2.6m.