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Indiana · Nonprofit

VICTORY COLLEGE PREP INC

VICTORY COLLEGE PREP INC (Indiana) receives grants from 10 organizations whose IRS filings report $13,738,373 to it, the largest being LILLY ENDOWMENT INC ($11,755,800). 7 of them have funded it in more than one year.

Revenue FY2025
$17M
Funders on record
10
Grants received
$14M
Net assets
$5.7M
7/10 repeat funderspeak grant-dependency 5%
01What it does

What Victory College Prep Inc does

Mission

Our approach is to ensure academic success by increasing instructional time, small class sizes, and providing an academic foundation. Our core values are perseverance, communication, collaboration, and critical thinking.

As stated on its FY2025 Form 990.

Programs

  1. Enrollment - vcp has increased new enrollment by almost 10% and re-enrollment by 13% from last year, while maintaining our retention rate above 95%.

    $14,514,017 spent$262,828 earned by the program
    100% of program spending
  2. College and career readiness - through our college and career readiness program, 24% of our college graduates graduated with 30 college credits, making them a sophomore on their first day of college.

  3. Alumni coaching - through our alumni coaching and career training programs, we have increased our college matriculation from 62% to 67.4% for the first semester of college.

The 3 programs described on its FY2023 Form 990, listed largest first by expense. Program spending in total: $14,514,017.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($13M) Expenses 100 ($12M) Net assets 100 ($662k)2018 Revenue 115 ($15M) Expenses 119 ($15M) Net assets 68 ($448k)2019 Revenue 112 ($14M) Expenses 121 ($15M) Net assets -53 ($-347853)2020 Revenue 91 ($12M) Expenses 85 ($11M) Net assets 143 ($944k)2021 Revenue 68 ($8.7M) Expenses 90 ($11M) Net assets -245 ($-1621656)2022 Revenue 125 ($16M) Expenses 104 ($13M) Net assets 194 ($1.3M)2023 Revenue 141 ($18M) Expenses 118 ($15M) Net assets 690 ($4.6M)2024 Revenue 142 ($18M) Expenses 135 ($17M) Net assets 870 ($5.8M)2025 Revenue 137 ($17M) Expenses 140 ($18M) Net assets 861 ($5.7M)
'17'18'19'20'21'22'23'24'25
Revenue (137)Expenses (140)Net assets (861)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $18M to $13M (−26%).

$19M
$19M
$17M
$18M
$13M
$16M
$19M
$21M
$20M
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2017 96% · 2018 98% · 2019 95% · 2020 95% · 2021 139% · 2022 98% · 2023 99% · 2024 89% · 2025 86%. Grants only. Government contracts and fees sit inside program revenue.

97% of VICTORY COLLEGE PREP INC’s revenue is contributions — more reliant on donations than three-quarters of its peers (23% for the typical peer).

This organization
Typical peer · 4,251 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 9 reported years ran a deficit.

$261k
’17
−$213k
’18
−$796k
’19
$1.1M
’20
−$2.6M
’21
$2.9M
’22
$3.3M
’23
$1.2M
’24
−$60k
’25
2.5
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Ryan Gall

Executive director

As listed on its FY2025 Form 990.

'17'18'19'20'21'22'23'24'25
Listed789111211131110
Joined·+2+1+5+1+4+4+3+1
No longer listed·10305252
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 2 funders to 5 funders, grant income rose $30k → $878k.

Funder
'17
'18
'19
'20
'21
'22
'23
'24*
'25*
total
The Mind Trust Incunclassified
$261k
$26k
funders
2
2
4
3
2
5
5
4
2

From the IRS filings of VICTORY COLLEGE PREP INC’s funders (the co-funder graph). Top 7 of 10 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

VICTORY COLLEGE PREP INC leans on a few funders — its largest provides 86% of grant income and the top three 97%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

86%
largest funder
97%
top three
~1
effective funders

Largest funder’s share by year: 2017 100% · 2018 100% · 2019 84% · 2020 100% · 2022 85% · 2023 79% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

100% of VICTORY COLLEGE PREP INC's grant income comes from Indiana funders.

IN

In-state vs out-of-state, by year

’17
’18
’19
’20
’22
’23
Indiana out of state home

Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

VICTORY COLLEGE PREP INC's funding base is broadening — from 2 funders to 5 as grant income climbed.

Operating margin−0% · below the median
Months of reserve2.5mo · below the median
Revenue growth (annualized)4% · below the median

this organization peer median middle 50% of peers· 3,758 education nonprofits $10M–$100M, FY2025

Organizations like VICTORY COLLEGE PREP INC

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Indiana

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

85% of spending goes to programs.

Program 85%Management 15%Fundraising 0%

Governance

8
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Footprint & structure

Files a return copy in 1 state

IN

Screen this organization

A dated, signed PDF of the compliance screen for VICTORY COLLEGE PREP INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds VICTORY COLLEGE PREP INC?
VICTORY COLLEGE PREP INC (Indiana) receives grants from 10 organizations whose IRS filings report $13,738,373 to it, the largest being LILLY ENDOWMENT INC ($11,755,800). 7 of them have funded it in more than one year.
How many funders does VICTORY COLLEGE PREP INC have?
IRS filings report 10 organizations giving $13,738,373 in grants to VICTORY COLLEGE PREP INC, 7 of which have funded it in more than one year.
Who is the largest funder of VICTORY COLLEGE PREP INC?
LILLY ENDOWMENT INC is the largest funder on record, with $11,755,800 in grants. The full list of funders is on this page.
How can an organization like VICTORY COLLEGE PREP INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Indiana. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Victory College Prep →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 10 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing