Victory for Youth Inc

Analysis

Victory for Youth Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in August 2000, 26 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 for Youth Inc reported income of $1.7m and spending of $1.7m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $489k to $1.7m (+244%), an average of +36% a year. The sharpest change came in the year to December 2021, when income rose by 303%. Over the whole period it spent 97% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Victory for Youth Inc sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within FL. Charities of a similar size with the same main cause include Idaho Business for Education Inc ($1.7m), Youth Justice Coalition ($1.7m) and Texprotects-The Texas Association for the Protection of Children ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $639k. At year end it held assets of $560k against liabilities of $349k, net assets of $211k. It reported 36 employees.