Victory Formation Foundation Inc

Analysis

Victory Formation Foundation Inc is a registered charity in United States, based in Dana Point, CA. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 December 2023, Victory Formation Foundation Inc reported income of $331k and spending of $217k, leaving 34% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $79k to $331k (+318%), an average of +104% a year. The sharpest change came in the year to December 2022, when income rose by 205%. Over the whole period it spent 55% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Victory Formation Foundation Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 66th percentile within CA. Charities of a similar size with the same main cause include Beltrami County Agricultural Association ($331k), Patriots Basketball Club ($332k) and Bloomer Area Aquatic and Recreation Center Inc ($331k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $38k (17% of expenses). At year end it held assets of $295k against liabilities of $0, net assets of $295k. It reported 2 employees.