Venilia Gardens Inc

Analysis

Venilia Gardens Inc is a registered charity in United States, based in West Tisbury, MA. It received its IRS tax-exemption ruling in October 1994, 32 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Venilia Gardens Inc reported income of $95k and spending of $95k, spending 101% of its income. Across the 3 years on record, from December 2019 to December 2022, income fell from $133k to $95k (-28%), an average of -15% a year. The sharpest change came in the year to December 2020, when income dropped by 50%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Venilia Gardens Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 43rd percentile within MA. Charities of a similar size with the same main cause include Mt Olive Jr Lacrosse Club ($95k), Allegan County Central Food Pantry ($95k) and Pregnancy and Life Resource Center ($95k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $1 against liabilities of $489, net assets of -$488.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.