Victory Ministries Inc
EIN: 710683396 · Camden, AR
Is Victory Ministries Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Victory Ministries Inc
Victory Ministries Inc (EIN: 710683396) is a nonprofit organization based in Camden, AR. The organization reported total revenue of $38K and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Victory Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Victory Ministries Inc is a micro nonprofit that has been operating for 35 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $58K |
| Total Expenses | $59K |
| Surplus / Deficit | $-1,409 |
| Total Assets | $1.4M |
| Net Assets | $1.4M |
| Operating Margin | -2.4% |
| Months of Reserves | 288.5 months |
Financial Health Grade: B
In 2023, Victory Ministries Inc reported a deficit of $1K with expenses exceeding revenue, holds 288.5 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Victory Ministries Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -63.5% | -16.3% | -1.6% |
| 2022 | +50.9% | +62.4% | +6.4% |
| 2021 | +33.1% | +27.4% | +6.5% |
| 2020 | +169.4% | +18.0% | +3.6% |
| 2019 | -8.7% | +0.5% | +0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 1991 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Victory Ministries Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Victory Ministries Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1K, with expenses exceeding revenue.
Frequently Asked Questions about Victory Ministries Inc
Is Victory Ministries Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Victory Ministries Inc (EIN: 710683396) insufficient data. 0 red flags identified, 0 strengths noted.
How does Victory Ministries Inc spend its money?
Detailed spending breakdown data is not yet available for Victory Ministries Inc. Check back for updated IRS 990 analysis.
Are donations to Victory Ministries Inc tax-deductible?
Victory Ministries Inc is registered as a tax-exempt nonprofit (EIN: 710683396). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Victory Ministries Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Victory Ministries Inc's revenue has declined by 28.1%, moving from $80K to $58K. Total assets increased by 19.6% over the same period, from $1.2M to $1.4M. Total functional expenses rose by 80%, from $33K to $59K. In its most recent filing year (2023), Victory Ministries Inc reported a deficit of $1K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $58K | $59K | $1.4M | $0 | — | View 990 |
| 2022 | $158K | $71K | $1.4M | $22K | — | — |
| 2021 | $105K | $43K | $1.4M | $22K | — | View 990 |
| 2020 | $79K | $34K | $1.3M | $0 | — | — |
| 2019 | $29K | $29K | $1.2M | $0 | — | View 990 |
| 2018 | $32K | $29K | $1.2M | $0 | — | View 990 |
| 2017 | $31K | $36K | $1.2M | $0 | — | View 990 |
| 2016 | $45K | $41K | $1.2M | $0 | — | View 990 |
| 2015 | $97K | $42K | $1.2M | $0 | — | View 990 |
| 2014 | $43K | $62K | $1.2M | $0 | — | View 990 |
| 2013 | $51K | $56K | $1.2M | $0 | — | View 990 |
| 2012 | $38K | $30K | $1.2M | $0 | — | View 990 |
| 2011 | $80K | $33K | $1.2M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $58K, expenses of $59K, and assets of $1.4M (revenue -63.5% year-over-year).
- 2022: Revenue of $158K, expenses of $71K, and assets of $1.4M (revenue +50.9% year-over-year).
- 2021: Revenue of $105K, expenses of $43K, and assets of $1.4M (revenue +33.1% year-over-year).
- 2020: Revenue of $79K, expenses of $34K, and assets of $1.3M (revenue +169.4% year-over-year).
- 2019: Revenue of $29K, expenses of $29K, and assets of $1.2M (revenue -8.7% year-over-year).
- 2018: Revenue of $32K, expenses of $29K, and assets of $1.2M (revenue +4.2% year-over-year).
- 2017: Revenue of $31K, expenses of $36K, and assets of $1.2M (revenue -32.5% year-over-year).
- 2016: Revenue of $45K, expenses of $41K, and assets of $1.2M (revenue -53.1% year-over-year).
- 2015: Revenue of $97K, expenses of $42K, and assets of $1.2M (revenue +125.6% year-over-year).
- 2014: Revenue of $43K, expenses of $62K, and assets of $1.2M (revenue -15.3% year-over-year).
- 2013: Revenue of $51K, expenses of $56K, and assets of $1.2M (revenue +34.6% year-over-year).
- 2012: Revenue of $38K, expenses of $30K, and assets of $1.2M (revenue -53.1% year-over-year).
- 2011: Revenue of $80K, expenses of $33K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Victory Ministries Inc:
Data Sources and Methodology
This transparency report for Victory Ministries 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.