Victory Housing Inc

Analysis

Victory Housing Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Victory Housing Inc reported income of $389k and spending of $547k, spending 141% of what it took in. Across the 4 years on record, from September 2020 to September 2023, income grew from $333k to $389k (+17%), an average of +5.3% a year. Over the whole period it spent 124% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Victory Housing Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within CT. Charities of a similar size with the same main cause include VPH Adult Retirement Center ($389k), Gvec Charitable Foundation ($389k) and Regional Housing Network of Massachusetts Inc ($389k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $44k. At year end it held assets of $5.2m against liabilities of $1.9m, net assets of $3.4m.