Victory Heights Inc
Victory Heights Inc. consistently operates at a deficit, drawing down assets despite no reported officer compensation.
EIN: 141869907 · Rockville, MD · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.0M |
| Total Expenses | $1.1M |
| Program Spending | 75% |
| Net Assets | $5.5M |
| Transparency Score | 60/100 |
Is Victory Heights Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Victory Heights Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Victory Heights Inc
Victory Heights Inc (EIN: 141869907) is a nonprofit organization based in Rockville, MD. The organization reported total revenue of $1.0M and total assets of $9.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Victory Heights Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Victory Heights Inc is a mid-size 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 4.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $918K |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-211,430 |
| Total Assets | $9.9M |
| Total Liabilities | $4.4M |
| Net Assets | $5.5M |
| Operating Margin | -23.0% |
| Debt-to-Asset Ratio | 44.2% |
| Months of Reserves | 105.2 months |
Financial Health Grade: B
In 2023, Victory Heights Inc reported a deficit of $211K with expenses exceeding revenue, holds 105.2 months of operating reserves (strong position), has a debt-to-asset ratio of 44.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Victory Heights Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.1% | +3.7% | -1.9% |
| 2022 | +2.8% | -6.2% | -2.5% |
| 2021 | +9.8% | +19.1% | -1.3% |
| 2020 | +11.2% | +6.4% | -1.7% |
| 2019 | +7.2% | +2.0% | -1.8% |
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 Heights Inc with a Mission Score of 60 out of 100 (Good). 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 Heights 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 $211K, with expenses exceeding revenue.
- Debt-to-asset ratio: 44.2%.
Executive Compensation Analysis
Victory Heights Inc. consistently reports 0% officer compensation across all available filings, indicating either a volunteer-led executive team or compensation structured in a way not reported under this specific category on the IRS 990.
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 Heights Inc's IRS 990 filings:
- Consistent operational deficits (e.g., $211,430 in 202306) indicating unsustainable spending.
- Declining asset base over time (from $12.1M in 2014 to $9.9M in 2023) due to deficit spending.
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data makes efficiency assessment difficult.
Strengths
The following positive indicators were identified for Victory Heights Inc:
- No reported officer compensation, suggesting a potentially volunteer-driven leadership or highly efficient compensation structure.
- Substantial asset base ($9.9M in 2023) provides a buffer despite consistent deficits.
- Long filing history (13 filings) indicates consistent compliance with IRS reporting requirements.
Frequently Asked Questions about Victory Heights Inc
Is Victory Heights Inc a legitimate charity?
Victory Heights Inc (EIN: 141869907) is a registered tax-exempt nonprofit based in Maryland. Our AI analysis gives it a Mission Score of 60/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.0M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Victory Heights Inc spend its money?
Victory Heights Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Victory Heights Inc tax-deductible?
Victory Heights Inc is registered as a tax-exempt nonprofit (EIN: 141869907). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Victory Heights Inc's spending goes to programs?
Victory Heights Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Victory Heights Inc located?
Victory Heights Inc is headquartered in Rockville, Maryland and files with the IRS under EIN 141869907.
How many years of IRS 990 filings does Victory Heights Inc have?
Victory Heights 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 $1.0M in total revenue.
How does Victory Heights Inc. cover its consistent operational deficits?
The organization appears to cover its operational deficits by drawing down its assets, which have decreased from over $12 million in 2014 to under $10 million in 2023. This suggests a reliance on reserves rather than sustainable revenue generation.
What is the long-term financial strategy given the sustained deficit spending?
The filings do not provide details on a long-term financial strategy. The consistent deficits, such as the $211,430 deficit in 2023, indicate a need for either increased revenue or reduced expenses to achieve financial sustainability.
Are executives truly uncompensated, or is compensation reported differently?
The IRS 990s consistently report 0% officer compensation. This could mean executives are volunteers, or their compensation is categorized under other expense lines, which would require a deeper dive into the full 990 forms to clarify.
What are the primary program activities of Victory Heights Inc.?
The provided data does not specify the NTEE code or detailed program activities, making it difficult to assess the nature of their mission and how effectively funds are being used for programs.
Filing History
IRS 990 filing history for Victory Heights Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Victory Heights Inc's revenue has grown by 71.3%, moving from $536K to $918K. Total assets decreased by 23.8% over the same period, from $13.0M to $9.9M. Total functional expenses rose by 28.8%, from $877K to $1.1M. In its most recent filing year (2023), Victory Heights Inc reported a deficit of $211K, with expenses exceeding revenue. The organization holds $4.4M in liabilities against $9.9M in assets (debt-to-asset ratio: 44.2%), resulting in net assets of $5.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $918K | $1.1M | $9.9M | $4.4M | — | View 990 |
| 2022 | $908K | $1.1M | $10.1M | $4.4M | — | View 990 |
| 2021 | $883K | $1.2M | $10.4M | $4.4M | — | View 990 |
| 2020 | $805K | $975K | $10.5M | $4.3M | — | View 990 |
| 2019 | $724K | $916K | $10.7M | $4.3M | — | View 990 |
| 2018 | $675K | $898K | $10.9M | $4.3M | — | — |
| 2017 | $579K | $880K | $11.1M | $4.3M | — | View 990 |
| 2016 | $722K | $1.0M | $11.4M | $4.3M | — | View 990 |
| 2015 | $567K | $987K | $11.9M | $4.5M | — | View 990 |
| 2014 | $558K | $825K | $12.1M | $4.3M | — | View 990 |
| 2013 | $557K | $814K | $12.4M | $4.3M | — | View 990 |
| 2012 | $551K | $880K | $12.7M | $4.3M | — | View 990 |
| 2011 | $536K | $877K | $13.0M | $4.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $918K, expenses of $1.1M, and assets of $9.9M (revenue +1.1% year-over-year).
- 2022: Revenue of $908K, expenses of $1.1M, and assets of $10.1M (revenue +2.8% year-over-year).
- 2021: Revenue of $883K, expenses of $1.2M, and assets of $10.4M (revenue +9.8% year-over-year).
- 2020: Revenue of $805K, expenses of $975K, and assets of $10.5M (revenue +11.2% year-over-year).
- 2019: Revenue of $724K, expenses of $916K, and assets of $10.7M (revenue +7.2% year-over-year).
- 2018: Revenue of $675K, expenses of $898K, and assets of $10.9M (revenue +16.6% year-over-year).
- 2017: Revenue of $579K, expenses of $880K, and assets of $11.1M (revenue -19.7% year-over-year).
- 2016: Revenue of $722K, expenses of $1.0M, and assets of $11.4M (revenue +27.3% year-over-year).
- 2015: Revenue of $567K, expenses of $987K, and assets of $11.9M (revenue +1.5% year-over-year).
- 2014: Revenue of $558K, expenses of $825K, and assets of $12.1M (revenue +0.3% year-over-year).
- 2013: Revenue of $557K, expenses of $814K, and assets of $12.4M (revenue +1.1% year-over-year).
- 2012: Revenue of $551K, expenses of $880K, and assets of $12.7M (revenue +2.8% year-over-year).
- 2011: Revenue of $536K, expenses of $877K, and assets of $13.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Victory Heights Inc:
Data Sources and Methodology
This transparency report for Victory Heights 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.