Venture House Inc

Analysis

Venture House Inc is a registered charity in United States, based in Jamaica, NY. It received its IRS tax-exemption ruling in January 1989, 37 years ago. 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 House Inc reported income of $6.1m and spending of $5.9m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.7m to $6.1m (+65%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 33%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Venture House Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include New Hampshire Legal Assistance ($6.1m), Informing America Inc ($6.1m) and Youth Tennis San Diego ($6.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 4.2% of the total. Compensation of current officers, directors and key employees was $350k (5.9% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $4.3m against liabilities of $1.7m, net assets of $2.6m. It reported 38 employees.