Victory Ministries Inc

Analysis

Victory Ministries Inc is a registered charity in United States, based in Camden, AR. It received its IRS tax-exemption ruling in April 1991, 35 years ago. 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 Ministries Inc reported income of $58k and spending of $59k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $29k to $58k (+98%), an average of +19% a year. The sharpest change came in the year to December 2020, when income rose by 169%. Over the whole period it spent 55% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Victory Ministries Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 21st percentile within AR. Charities of a similar size with the same main cause include Friends of the Irving Public Library System ($58k), Evergreen Foundation ($58k) and PTA New York Congress ($58k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.