Victory Crest Inc
Victory Crest Inc. faces persistent operating deficits and declining assets over the last decade.
EIN: 208067069 · Rockville, MD · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $535K |
| Total Expenses | $669K |
| Program Spending | 75% |
| Net Assets | $4.6M |
| Transparency Score | 55/100 |
Is Victory Crest Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Victory Crest Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Victory Crest Inc
Victory Crest Inc (EIN: 208067069) is a nonprofit organization based in Rockville, MD. The organization reported total revenue of $535K and total assets of $5.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Victory Crest Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Victory Crest Inc is a small nonprofit that has been operating for 80 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -6.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $494K |
| Total Expenses | $669K |
| Surplus / Deficit | $-175,007 |
| Total Assets | $5.6M |
| Total Liabilities | $1.0M |
| Net Assets | $4.6M |
| Operating Margin | -35.4% |
| Debt-to-Asset Ratio | 18.0% |
| Months of Reserves | 99.7 months |
Financial Health Grade: B
In 2023, Victory Crest Inc reported a deficit of $175K with expenses exceeding revenue, holds 99.7 months of operating reserves (strong position), has a debt-to-asset ratio of 18.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Victory Crest Inc's revenue has declined at a compound annual growth rate (CAGR) of -6.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.6% | +4.6% | -3.9% |
| 2022 | +4.5% | +4.0% | -2.9% |
| 2021 | +2.4% | -2.0% | -2.8% |
| 2020 | +1.3% | +0.8% | -3.6% |
| 2019 | -0.6% | +3.2% | -3.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 1946 |
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 Crest Inc with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Victory Crest Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 deficit of $175K, with expenses exceeding revenue.
- Debt-to-asset ratio: 18.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is a positive sign for resource allocation.
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 Crest Inc's IRS 990 filings:
- Consistent operating deficits for over a decade (e.g., $175,007 deficit in 202306).
- Steady decline in total assets, from $7.6M in 201406 to $5.5M in 202306.
- Expenses consistently higher than revenue, indicating an unsustainable financial model.
- Unknown NTEE code, which limits sector-specific analysis.
Strengths
The following positive indicators were identified for Victory Crest Inc:
- No reported officer compensation, indicating efficient use of funds in this area.
- Long filing history (13 filings) suggests consistent compliance with IRS reporting requirements.
Frequently Asked Questions about Victory Crest Inc
Is Victory Crest Inc a legitimate charity?
Victory Crest Inc (EIN: 208067069) is a registered tax-exempt nonprofit based in Maryland. Our AI analysis gives it a Mission Score of 55/100. It has 13 years of IRS 990 filings on record. Total revenue: $535K. 4 red flags identified. 2 strengths noted. Financial health grade: B.
How does Victory Crest Inc spend its money?
Victory Crest Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Victory Crest Inc tax-deductible?
Victory Crest Inc is registered as a tax-exempt nonprofit (EIN: 208067069). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Victory Crest Inc's spending goes to programs?
Victory Crest Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Victory Crest Inc located?
Victory Crest Inc is headquartered in Rockville, Maryland and files with the IRS under EIN 208067069.
How many years of IRS 990 filings does Victory Crest Inc have?
Victory Crest Inc has 13 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 $535K in total revenue.
Is Victory Crest Inc. financially sustainable?
Based on the consistent operating deficits, where expenses have exceeded revenue for at least the past ten years (e.g., $669,324 expenses vs. $494,317 revenue in 202306), the organization's financial sustainability is a significant concern. They are drawing down assets to cover these shortfalls.
Why are assets declining?
Assets have declined from $7,625,853 in 201406 to $5,562,266 in 202306, a decrease of over $2 million. This decline is directly attributable to the organization consistently spending more than it earns, using its accumulated assets to cover the operating deficits.
What is the organization's primary source of revenue?
While the specific breakdown of revenue sources is not provided in the summary data, the total revenue has remained relatively stagnant, hovering around $430,000-$490,000 annually, suggesting a consistent but not growing funding base.
Filing History
IRS 990 filing history for Victory Crest Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Victory Crest Inc's revenue has declined by 52.8%, moving from $1.0M to $494K. Total assets decreased by 33.1% over the same period, from $8.3M to $5.6M. Total functional expenses rose by 35.9%, from $492K to $669K. In its most recent filing year (2023), Victory Crest Inc reported a deficit of $175K, with expenses exceeding revenue. The organization holds $1.0M in liabilities against $5.6M in assets (debt-to-asset ratio: 18.0%), resulting in net assets of $4.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $494K | $669K | $5.6M | $1.0M | — | View 990 |
| 2022 | $468K | $640K | $5.8M | $1.1M | — | View 990 |
| 2021 | $448K | $615K | $6.0M | $1.1M | — | View 990 |
| 2020 | $437K | $628K | $6.1M | $1.1M | — | View 990 |
| 2019 | $432K | $623K | $6.4M | $1.1M | — | View 990 |
| 2018 | $434K | $604K | $6.6M | $1.1M | — | View 990 |
| 2017 | $434K | $607K | $6.8M | $1.2M | — | View 990 |
| 2016 | $435K | $647K | $7.1M | $1.3M | — | View 990 |
| 2015 | $432K | $793K | $7.4M | $1.3M | — | View 990 |
| 2014 | $432K | $629K | $7.6M | $1.3M | — | View 990 |
| 2013 | $434K | $621K | $7.9M | $1.3M | — | View 990 |
| 2012 | $646K | $640K | $8.1M | $1.3M | — | View 990 |
| 2011 | $1.0M | $492K | $8.3M | $1.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $494K, expenses of $669K, and assets of $5.6M (revenue +5.6% year-over-year).
- 2022: Revenue of $468K, expenses of $640K, and assets of $5.8M (revenue +4.5% year-over-year).
- 2021: Revenue of $448K, expenses of $615K, and assets of $6.0M (revenue +2.4% year-over-year).
- 2020: Revenue of $437K, expenses of $628K, and assets of $6.1M (revenue +1.3% year-over-year).
- 2019: Revenue of $432K, expenses of $623K, and assets of $6.4M (revenue -0.6% year-over-year).
- 2018: Revenue of $434K, expenses of $604K, and assets of $6.6M (revenue +0.1% year-over-year).
- 2017: Revenue of $434K, expenses of $607K, and assets of $6.8M (revenue -0.4% year-over-year).
- 2016: Revenue of $435K, expenses of $647K, and assets of $7.1M (revenue +0.7% year-over-year).
- 2015: Revenue of $432K, expenses of $793K, and assets of $7.4M (revenue +-0.0% year-over-year).
- 2014: Revenue of $432K, expenses of $629K, and assets of $7.6M (revenue -0.5% year-over-year).
- 2013: Revenue of $434K, expenses of $621K, and assets of $7.9M (revenue -32.7% year-over-year).
- 2012: Revenue of $646K, expenses of $640K, and assets of $8.1M (revenue -38.4% year-over-year).
- 2011: Revenue of $1.0M, expenses of $492K, and assets of $8.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Victory Crest Inc:
Data Sources and Methodology
This transparency report for Victory Crest 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.