Victory Ridge Academy Inc
Victory Ridge Academy shows strong program spending and revenue growth, but liabilities are substantial.
EIN: 204976804 · Lake Wales, FL · NTEE: B29 · Updated: 2026-03-28
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Victory Ridge Academy Inc is mapped to EIN 204976804.
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13 stored filing years available.
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85% program spend, health grade A
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| Metric | Value |
|---|---|
| Total Revenue | $14.3M |
| Total Expenses | $10.4M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $11 |
| Net Assets | $2.4M |
| Transparency Score | 85/100 |
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Victory Ridge Academy Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Victory Ridge Academy Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Victory Ridge Academy Inc in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $11.5M and expenses of $10.4M.
Revenue and Expenses
Victory Ridge Academy Inc reported $11.5M in revenue and $10.4M in expenses, a surplus of $1.1M.
Executive Compensation
Top officer compensation appears as $11 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
85/100 mission score, 2 red flags, and 4 strengths are shown from structured and AI review.
Is Victory Ridge Academy Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
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Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $8.9M (85%) |
Across stored filings, Victory Ridge Academy Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 85% to programs | Excellent |
| Financial durability | Grade A | 13 stored filing years |
| Peer context | Compare with Cornelia Warren Community Assn Inc | Florida and Education context |
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Victory Ridge Academy Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Victory Ridge Academy Inc
Victory Ridge Academy Inc (EIN: 204976804) is a nonprofit organization based in Lake Wales, FL, classified under NTEE code B29. The organization reported total revenue of $14.3M and total assets of $17.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Victory Ridge Academy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Victory Ridge Academy Inc is a large nonprofit that has been operating for 16 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $11.5M |
| Total Expenses | $10.4M |
| Surplus / Deficit | +$1.1M |
| Total Assets | $16.3M |
| Total Liabilities | $13.9M |
| Net Assets | $2.4M |
| Operating Margin | 9.4% |
| Debt-to-Asset Ratio | 85.3% |
| Months of Reserves | 18.8 months |
Financial Health Grade: A
In 2023, Victory Ridge Academy Inc reported a surplus of $1.1M with revenue exceeding expenses, holds 18.8 months of operating reserves (strong position), has a debt-to-asset ratio of 85.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Victory Ridge Academy Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +25.6% | +27.0% | +57.8% |
| 2022 | +11.6% | +0.4% | +9.2% |
| 2021 | +9.0% | +9.6% | +9.3% |
| 2020 | +18.7% | +12.3% | +35.2% |
| 2019 | +15.6% | +30.3% | +122.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
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 Ridge Academy Inc with a Mission Score of 85 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Victory Ridge Academy Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $1.1M, with revenue exceeding expenses.
- Debt-to-asset ratio: 85.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is unusual for an organization of its size with over $11 million in annual expenses. This suggests either a fully volunteer executive leadership or that executive compensation is categorized differently, which could obscure a complete picture of leadership costs.
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 Ridge Academy Inc's IRS 990 filings:
- High and growing liabilities relative to assets ($13,909,442 liabilities vs $16,307,117 assets in 2023).
- Consistent 0% officer compensation reported, which may obscure actual leadership costs or indicate an unusual operational model for an organization of this size.
Strengths
The following positive indicators were identified for Victory Ridge Academy Inc:
- Strong program spending ratio (85% of expenses in 2023).
- Consistent and significant revenue growth over the past decade, indicating increasing support and impact.
- Positive net assets maintained in recent years, despite growing liabilities.
- Efficient use of funds with a low fundraising expense ratio (estimated 5%).
Frequently Asked Questions about Victory Ridge Academy Inc
Is Victory Ridge Academy Inc a legitimate charity?
Victory Ridge Academy Inc (EIN: 204976804) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $14.3M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Victory Ridge Academy Inc spend its money?
Victory Ridge Academy Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Victory Ridge Academy Inc tax-deductible?
Victory Ridge Academy Inc is registered as a tax-exempt nonprofit (EIN: 204976804). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Victory Ridge Academy Inc CEO make?
Victory Ridge Academy Inc's highest-compensated officer earns $11 annually. The organization reported $14.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Victory Ridge Academy Inc's spending goes to programs?
Victory Ridge Academy Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Victory Ridge Academy Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Victory Ridge Academy 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 Ridge Academy Inc located?
Victory Ridge Academy Inc is headquartered in Lake Wales, Florida and files with the IRS under EIN 204976804. It is classified under NTEE code B29.
How many years of IRS 990 filings does Victory Ridge Academy Inc have?
Victory Ridge Academy 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 $14.3M in total revenue.
Is Victory Ridge Academy Inc a good charity?
Based on its high program spending ratio (85% in 2023) and consistent revenue growth, Victory Ridge Academy Inc appears to be an effective charity in delivering on its mission. However, the high liabilities and the lack of reported officer compensation warrant further investigation for a complete assessment.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% officer compensation across all 13 filings is unusual for an organization with over $10 million in annual expenses. This could mean that executive leadership is entirely volunteer, or that compensation is reported under other expense categories, which could affect transparency.
What is the trend in the organization's financial health?
Victory Ridge Academy Inc has shown significant growth in revenue and assets over the past decade. Revenue increased from $4,032,455 in 2014 to $11,505,825 in 2023. While assets have also grown substantially to $16,307,117, liabilities have also increased significantly to $13,909,442, indicating a reliance on debt or other obligations.
Filing History
IRS 990 filing history for Victory Ridge Academy Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Victory Ridge Academy Inc's revenue has grown by 228.3%, moving from $3.5M to $11.5M. Total assets increased by 822.7% over the same period, from $1.8M to $16.3M. Total functional expenses rose by 232.1%, from $3.1M to $10.4M. In its most recent filing year (2023), Victory Ridge Academy Inc reported a surplus of $1.1M, with revenue exceeding expenses. The organization holds $13.9M in liabilities against $16.3M in assets (debt-to-asset ratio: 85.3%), resulting in net assets of $2.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $11.5M | $10.4M | $16.3M | $13.9M | — | — |
| 2022 | $9.2M | $8.2M | $10.3M | $8.8M | — | View 990 |
| 2021 | $8.2M | $8.2M | $9.5M | $8.9M | — | — |
| 2020 | $7.5M | $7.5M | $8.7M | $9.0M | — | View 990 |
| 2019 | $6.3M | $6.6M | $6.4M | $6.8M | — | View 990 |
| 2018 | $5.5M | $5.1M | $2.9M | $2.9M | — | View 990 |
| 2017 | $4.8M | $4.9M | $2.4M | $2.9M | — | View 990 |
| 2016 | $4.5M | $4.3M | $1.9M | $2.3M | — | View 990 |
| 2015 | $3.7M | $4.4M | $841K | $1.4M | — | View 990 |
| 2014 | $4.0M | $4.4M | $1.3M | $208K | — | View 990 |
| 2013 | $4.1M | $4.1M | $1.6M | $120K | — | View 990 |
| 2012 | $3.9M | $4.0M | $1.7M | $140K | — | View 990 |
| 2011 | $3.5M | $3.1M | $1.8M | $147K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $11.5M, expenses of $10.4M, and assets of $16.3M (revenue +25.6% year-over-year).
- 2022: Revenue of $9.2M, expenses of $8.2M, and assets of $10.3M (revenue +11.6% year-over-year).
- 2021: Revenue of $8.2M, expenses of $8.2M, and assets of $9.5M (revenue +9.0% year-over-year).
- 2020: Revenue of $7.5M, expenses of $7.5M, and assets of $8.7M (revenue +18.7% year-over-year).
- 2019: Revenue of $6.3M, expenses of $6.6M, and assets of $6.4M (revenue +15.6% year-over-year).
- 2018: Revenue of $5.5M, expenses of $5.1M, and assets of $2.9M (revenue +14.5% year-over-year).
- 2017: Revenue of $4.8M, expenses of $4.9M, and assets of $2.4M (revenue +6.2% year-over-year).
- 2016: Revenue of $4.5M, expenses of $4.3M, and assets of $1.9M (revenue +22.2% year-over-year).
- 2015: Revenue of $3.7M, expenses of $4.4M, and assets of $841K (revenue -8.5% year-over-year).
- 2014: Revenue of $4.0M, expenses of $4.4M, and assets of $1.3M (revenue -1.3% year-over-year).
- 2013: Revenue of $4.1M, expenses of $4.1M, and assets of $1.6M (revenue +3.7% year-over-year).
- 2012: Revenue of $3.9M, expenses of $4.0M, and assets of $1.7M (revenue +12.4% year-over-year).
- 2011: Revenue of $3.5M, expenses of $3.1M, and assets of $1.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Victory Ridge Academy Inc:
Data Sources and Methodology
This transparency report for Victory Ridge Academy 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.