Victory College Prep Inc
Victory College Prep Inc consistently generates surpluses with no reported officer compensation.
EIN: 201738905 · Indianapolis, IN · NTEE: B29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $17.5M |
| Total Expenses | $14.7M |
| Program Spending | 90% |
| Net Assets | $4.6M |
| Transparency Score | 92/100 |
Is Victory College Prep Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Victory College Prep Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Victory College Prep Inc
Victory College Prep Inc (EIN: 201738905) is a nonprofit organization based in Indianapolis, IN, classified under NTEE code B29. The organization reported total revenue of $17.5M and total assets of $20.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Victory College Prep Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Victory College Prep Inc is a large nonprofit that has been operating for 21 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -4.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $18.0M |
| Total Expenses | $14.7M |
| Surplus / Deficit | +$3.3M |
| Total Assets | $19.2M |
| Total Liabilities | $14.6M |
| Net Assets | $4.6M |
| Operating Margin | 18.2% |
| Debt-to-Asset Ratio | 76.2% |
| Months of Reserves | 15.6 months |
Financial Health Grade: A
In 2023, Victory College Prep Inc reported a surplus of $3.3M with revenue exceeding expenses, holds 15.6 months of operating reserves (strong position), has a debt-to-asset ratio of 76.2% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Victory College Prep Inc's revenue has declined at a compound annual growth rate (CAGR) of -4.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.0% | +13.0% | +19.6% |
| 2022 | +83.5% | +15.8% | +22.3% |
| 2021 | -25.6% | +6.3% | -26.3% |
| 2020 | -18.3% | -29.8% | +4.3% |
| 2019 | -2.3% | +1.7% | -8.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Victory College Prep Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Victory College Prep Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $3.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 76.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers. This is a highly positive indicator, suggesting that leadership is either volunteer-based or compensated through other means not classified as officer compensation, allowing more funds to be directed towards program services.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Victory College Prep Inc's IRS 990 filings:
- Historically high liabilities relative to assets in some periods (e.g., 202106, 201906).
Strengths
The following positive indicators were identified for Victory College Prep Inc:
- Consistent revenue growth, reaching $17,997,642 in 202306.
- Significant financial surpluses in recent years (e.g., $3,280,723 in 202306).
- 0% reported officer compensation across all filings, indicating high efficiency.
- Growing asset base, reaching $19,181,231 in 202306.
- Strong program spending focus due to minimal administrative and fundraising overhead.
Frequently Asked Questions about Victory College Prep Inc
Is Victory College Prep Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Victory College Prep Inc (EIN: 201738905) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Victory College Prep Inc spend its money?
Victory College Prep Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Victory College Prep Inc tax-deductible?
Victory College Prep Inc is registered as a tax-exempt nonprofit (EIN: 201738905). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Victory College Prep Inc's spending goes to programs?
Victory College Prep Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Victory College Prep Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Victory College Prep Inc is above average for NTEE category B29 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Victory College Prep Inc located?
Victory College Prep Inc is headquartered in Indianapolis, Indiana and files with the IRS under EIN 201738905. It is classified under NTEE code B29.
How many years of IRS 990 filings does Victory College Prep Inc have?
Victory College Prep Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $17.5M in total revenue.
Is Victory College Prep Inc a good charity?
Based on the financial data, Victory College Prep Inc appears to be a very good charity. It consistently generates surpluses, has growing assets, and reports 0% officer compensation, indicating a strong commitment to its mission and efficient use of funds.
How has the organization's financial health changed over time?
The organization's financial health has generally improved, especially in the last two periods (202206 and 202306), where it reported significant surpluses. While there were periods of deficits (e.g., 202106, 201906), the overall trend in revenue and asset growth, coupled with recent expense control, is positive.
What is the organization's approach to executive compensation?
Victory College Prep Inc reports 0% officer compensation in all available filings, suggesting a highly conservative approach to executive pay, or that executive roles are filled by volunteers or compensated through other non-officer categories.
Are there any concerns regarding the organization's liabilities?
Liabilities have historically been high, sometimes exceeding assets (e.g., 202106, 201906). However, in the most recent period (202306), assets ($19,181,231) comfortably exceed liabilities ($14,615,788), indicating an improving balance sheet.
Filing History
IRS 990 filing history for Victory College Prep Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Victory College Prep Inc's revenue has declined by 39.1%, moving from $29.6M to $18.0M. Total assets decreased by 7.2% over the same period, from $20.7M to $19.2M. Total functional expenses fell by 51.2%, from $30.1M to $14.7M. In its most recent filing year (2023), Victory College Prep Inc reported a surplus of $3.3M, with revenue exceeding expenses. The organization holds $14.6M in liabilities against $19.2M in assets (debt-to-asset ratio: 76.2%), resulting in net assets of $4.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $18.0M | $14.7M | $19.2M | $14.6M | — | View 990 |
| 2022 | $15.9M | $13.0M | $16.0M | $14.8M | — | View 990 |
| 2021 | $8.7M | $11.2M | $13.1M | $14.7M | — | View 990 |
| 2020 | $11.7M | $10.6M | $17.8M | $16.9M | — | View 990 |
| 2019 | $14.3M | $15.1M | $17.1M | $17.4M | — | View 990 |
| 2018 | $14.6M | $14.8M | $18.7M | $18.3M | — | View 990 |
| 2017 | $12.8M | $12.5M | $18.8M | $18.1M | — | View 990 |
| 2016 | $11.9M | $11.5M | $12.7M | $12.3M | — | View 990 |
| 2015 | $10.7M | $11.7M | $12.1M | $12.1M | — | View 990 |
| 2014 | $13.5M | $13.9M | $13.5M | $12.5M | — | View 990 |
| 2013 | $32.7M | $30.7M | $8.9M | $5.5M | — | View 990 |
| 2012 | $29.6M | $30.1M | $20.7M | $19.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $18.0M, expenses of $14.7M, and assets of $19.2M (revenue +13.0% year-over-year).
- 2022: Revenue of $15.9M, expenses of $13.0M, and assets of $16.0M (revenue +83.5% year-over-year).
- 2021: Revenue of $8.7M, expenses of $11.2M, and assets of $13.1M (revenue -25.6% year-over-year).
- 2020: Revenue of $11.7M, expenses of $10.6M, and assets of $17.8M (revenue -18.3% year-over-year).
- 2019: Revenue of $14.3M, expenses of $15.1M, and assets of $17.1M (revenue -2.3% year-over-year).
- 2018: Revenue of $14.6M, expenses of $14.8M, and assets of $18.7M (revenue +14.5% year-over-year).
- 2017: Revenue of $12.8M, expenses of $12.5M, and assets of $18.8M (revenue +7.2% year-over-year).
- 2016: Revenue of $11.9M, expenses of $11.5M, and assets of $12.7M (revenue +10.9% year-over-year).
- 2015: Revenue of $10.7M, expenses of $11.7M, and assets of $12.1M (revenue -20.3% year-over-year).
- 2014: Revenue of $13.5M, expenses of $13.9M, and assets of $13.5M (revenue -58.9% year-over-year).
- 2013: Revenue of $32.7M, expenses of $30.7M, and assets of $8.9M (revenue +10.6% year-over-year).
- 2012: Revenue of $29.6M, expenses of $30.1M, and assets of $20.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Victory College Prep Inc:
Data Sources and Methodology
This transparency report for Victory College Prep Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.