Victory Center Inc

Analysis

Victory Center Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in April 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Victory Center Inc reported income of $2.1m and spending of $2.1m, spending 102% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.8m to $2.1m (+16%), an average of +3.0% a year. The sharpest change came in the year to June 2022, when income rose by 18%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Victory Center 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 86th percentile, and in the 88th percentile within FL. Charities of a similar size with the same main cause include Kankakee Trinity Academy ($2.1m), San Marino School Foundation ($2.1m) and An Achievable Dream Middle and High School Inc ($2.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 24% and program service revenue 70% of the total. Other salaries and wages came to $1.4m. It paid $78k in professional fundraising fees. At year end it held assets of $4.8m against liabilities of $996k, net assets of $3.8m. It reported 41 employees.