Victoria Project Inc

Analysis

Victoria Project Inc is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in August 2021, 5 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Victoria Project Inc reported income of $1.4m and spending of $1.3m, spending 93% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $2.2m to $1.4m (-37%), an average of -20% a year. The sharpest change came in the year to December 2022, when income dropped by 24%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Victoria Project Inc 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 83rd percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include People Engaged in Recovery ($1.4m), Michigan Dyslexia Institute Inc ($1.4m) and Equine Assisted Growth and Learning Association Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $184k (14% of expenses). Other salaries and wages came to $130k. At year end it held assets of $206k against liabilities of $3,737, net assets of $202k. It reported 5 employees.