Victory Formation Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 79,327 | 35,249 | 44,078 | 15.0 | — |
| 2022 | 241,838 | 105,617 | 136,221 | 20.5 | 0% |
| 2023 | 331,385 | 217,157 | 114,228 | 16.3 | 17% |
In its most recent public year (2023), this organization brought in $114,228 more than it spent. Its reserves stood at about 16.3 months of spending, up from 15 in 2021. Staff pay was 17% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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