Victory Collegiate Academy Corporation

Analysis

Victory Collegiate Academy Corporation is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in March 2021, 5 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 2023, Victory Collegiate Academy Corporation reported income of $4.7m and spending of $4.8m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.1m to $4.7m (+50%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 57%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Victory Collegiate Academy Corporation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within AZ. Charities of a similar size with the same main cause include Fulton Leadership Academy Inc ($4.7m), Washington Montessori Inc-A Public Charter School ($4.7m) and New College Foundation Incorporated ($4.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 5.1% of the total. Compensation of current officers, directors and key employees was $145k (3.0% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $7.2m against liabilities of $5.6m, net assets of $1.6m. It reported 91 employees.