Victory for Veterans Inc

Analysis

Victory for Veterans Inc is a registered charity in United States, based in Conroe, TX. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Veterans Inc reported income of $92k and spending of $79k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $133k to $92k (-31%), an average of -31% a year. The sharpest change came in the year to December 2023, when income dropped by 31%. Over the whole period it spent 57% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Victory for Veterans Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 37th percentile within TX. Charities of a similar size with the same main cause include Shorecrest Boosters ($92k), Ezra-Uganda Assistance ($92k) and Compassionate Hearts Alliance Corporation ($92k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $113k against liabilities of $1,000, net assets of $112k.