Pioneer Valley Regional Ventures Center Inc

Analysis

Pioneer Valley Regional Ventures Center Inc is a registered charity in United States, based in Springfield, MA. It received its IRS tax-exemption ruling in December 2001, 25 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 June 2023, Pioneer Valley Regional Ventures Center Inc reported income of $364k and spending of $84k, leaving 77% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $188k to $364k (+94%), an average of +18% a year. The sharpest change came in the year to June 2023, when income rose by 1326%. Over the whole period it spent 69% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Pioneer Valley Regional Ventures Center Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 66th percentile within MA. Charities of a similar size with the same main cause include Three Wishes for Rubys Residents ($364k), Okanogan County Community Coalition ($364k) and Community Investment Fund of Indiana Inc ($364k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $512k against liabilities of $0, net assets of $512k.