Victory Life Church of Corinth

Analysis

Victory Life Church of Corinth is a registered charity in United States, based in Corinth, TX. It received its IRS tax-exemption ruling in April 1958, 68 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Victory Life Church of Corinth reported income of $652k and spending of $525k, spending 80% of its income. Across the 3 years on record, from December 2019 to December 2023, income grew from $471k to $652k (+38%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 29%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Victory Life Church of Corinth sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within TX. Charities of a similar size with the same main cause include Nami Louisiana ($652k), Life Support ($652k) and Catskill Forest Association Inc ($652k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $101k (19% of expenses). Other salaries and wages came to $79k. At year end it held assets of $224k against liabilities of $0, net assets of $224k.