Victory Homes

Analysis

Victory Homes is a registered charity in United States, based in Lynwood, IL. It received its IRS tax-exemption ruling in September 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2021, Victory Homes reported income of $519k and spending of $506k, spending 97% of its income. The sharpest change came in the year to December 2021, when income rose by 32%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Victory Homes sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within IL. Charities of a similar size with the same main cause include Covenant Christian School ($519k), Bradford Area Public Library ($519k) and The Shark Club Inc ($519k).

On its Form 990 for the period ending December 2021, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $109k (22% of expenses). Other salaries and wages came to $213k. At year end it held assets of $26k against liabilities of $82k, net assets of -$56k.