Victory Ministries of Alaska Inc

Analysis

Victory Ministries of Alaska Inc is a registered charity in United States, based in Sutton, AK. It received its IRS tax-exemption ruling in April 1993, 33 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 Ministries of Alaska Inc reported income of $2.6m and spending of $2.1m, leaving 22% of income unspent that year. Across the 6 years on record, from September 2019 to December 2023, income grew from $1.8m to $2.6m (+48%), an average of +8.1% a year. The sharpest change came in the year to December 2021, when income rose by 344%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Victory Ministries of Alaska Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within AK. Charities of a similar size with the same main cause include Entryway ($2.6m), Christian Mission Center Incorporated of Enterprise ($2.6m) and Young Mens Christian Association of Klamath County ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 43% of the total. Other salaries and wages came to $713k. At year end it held assets of $6.1m against liabilities of $160k, net assets of $6.0m. It reported 20 employees.