Victory Christian Ministries of Lexington Inc

Analysis

Victory Christian Ministries of Lexington Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in September 1991, 35 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 Christian Ministries of Lexington Inc reported income of $299k and spending of $319k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $278k to $299k (+7.8%), an average of +1.9% a year. The sharpest change came in the year to December 2023, when income dropped by 35%. Over the whole period it spent 74% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Victory Christian Ministries of Lexington Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within KY. Charities of a similar size with the same main cause include Beyond Borders Inc ($299k), For My People Ministry ($299k) and Great Exchange Inc ($299k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $162k (51% of expenses). At year end it held assets of $700k against liabilities of $0, net assets of $700k. It reported 1 employees.