Victory Houston Inc

Analysis

Victory Houston Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in October 2022, 4 years ago. Its declared purposes cover medical research, 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, Victory Houston Inc reported income of $1.8m and spending of $1.5m, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $320k to $1.8m (+461%), an average of +461% a year. The sharpest change came in the year to December 2023, when income rose by 461%. Over the whole period it spent 74% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Victory Houston Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Hearing and Speech Center of Florida Inc ($1.8m), Preventive Medicine Research Institute ($1.8m) and Alabama Institute for Deaf and Blind Foundation Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 2.0% of the total. At year end it held assets of $641k against liabilities of $2,000, net assets of $639k.