Community Ventures

Analysis

Community Ventures is a registered charity in United States, based in Fremont, CA. It received its IRS tax-exemption ruling in April 2009, 17 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Community Ventures reported income of $244k and spending of $49k, leaving 80% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $716k to $244k (-66%), an average of -24% a year. The sharpest change came in the year to December 2023, when income rose by 94%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Community Ventures sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 60th percentile within CA. Charities of a similar size with the same main cause include Pioneering with Passion Ministries PPM Inc ($244k), Tekton Career Training ($244k) and Leadership Macomb Inc ($244k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. At year end it held assets of $1.3m against liabilities of $925k, net assets of $366k.