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

$14.3MRevenue

$17.2MAssets

85/100Mission Score (Excellent)

B29

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.

AI Transparency Report

Victory Ridge Academy Inc demonstrates strong financial growth and a commendable commitment to program spending. Over the past five years, revenue has consistently increased, from $6,340,028 in 2019 to $11,505,825 in 2023, indicating growing support and operational capacity. The organization consistently spends a high percentage of its expenses on programs, with 85% allocated to program services in the latest filing period (202306), which is a positive indicator of efficiency. 

However, the organization's liabilities have also grown significantly, reaching $13,909,442 in 2023, which is substantial compared to its assets of $16,307,117. While the organization has maintained positive net assets in recent years, the high liability-to-asset ratio warrants close monitoring. The consistent reporting of 0% officer compensation across all filings suggests either a volunteer-led executive team or that compensation is reported under different categories, which could impact transparency regarding leadership costs if not further clarified. Overall, the organization appears financially healthy with strong program focus, but the growth in liabilities should be observed.

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.

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 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.	PDF
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.

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.