Victoria University

Analysis

Victoria University is a registered charity in United States, based in Canada. It received its IRS tax-exemption ruling in June 1947, 79 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3).

In the financial year ending April 2024, Victoria University reported income of $71.4m and spending of $53.8m, leaving 25% of income unspent that year. Across the 4 years on record, from April 2020 to April 2024, income grew from $65.0m to $71.4m (+9.8%), an average of +3.2% a year. The sharpest change came in the year to April 2024, when income rose by 16%. Over the whole period it spent 71% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Victoria University sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile. Charities of a similar size with the same main cause include Crossroads School for Arts and Sciences ($70.9m), Dean College ($71.4m) and Neumann University ($70.9m).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 20% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $1.1m (2.0% of expenses). Other salaries and wages came to $23.0m. At year end it held assets of $697.5m against liabilities of $57.7m, net assets of $639.8m.