Venture Community Services Inc

Analysis

Venture Community Services Inc is a registered charity in United States, based in Sturbridge, MA. It received its IRS tax-exemption ruling in February 1977, 49 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Venture Community Services Inc reported income of $44.7m and spending of $41.7m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $35.0m to $44.7m (+28%), an average of +6.3% a year. The sharpest change came in the year to June 2022, when income rose by 16%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Venture Community Services Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within MA. Charities of a similar size with the same main cause include Mountaineer Food Bank Inc ($44.5m), Sarah Ralston Foundation ($44.7m) and Institute of Community Services Incorporated ($44.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $564k (1.4% of expenses). Other salaries and wages came to $28.7m. At year end it held assets of $31.4m against liabilities of $11.1m, net assets of $20.3m. It reported 876 employees.