Is Victory Ridge Academy Inc Legit?

Victory Ridge Academy Inc demonstrates strong financial growth and a commendable commitment to program spending. Over the past five years, revenue has consistently increased, from $6,340,028 in 2019 to $11,505,825 in 2023, indicating growing support and operational capacity. The organization consistently spends a high percentage of its expenses on programs, with 85% allocated to program services in the latest filing period (202306), which is a positive indicator of efficiency. However, the organization's liabilities have also grown significantly, reaching $13,909,442 in 2023, which is substantial compared to its assets of $16,307,117. While the organization has maintained positive net assets in recent years, the high liability-to-asset ratio warrants close monitoring. The consistent reporting of 0% officer compensation across all filings suggests either a volunteer-led executive team or that compensation is reported under different categories, which could impact transparency regarding leadership costs if not further clarified. Overall, the organization appears financially healthy with strong program focus, but the growth in liabilities should be observed.