Extraordinary Ventures Inc

Analysis

Extraordinary Ventures Inc is a registered charity in United States, based in Chapel Hill, NC. It received its IRS tax-exemption ruling in December 2007, 19 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 December 2023, Extraordinary Ventures Inc reported income of $1.5m and spending of $1.5m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.5m (+29%), an average of +6.7% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Extraordinary Ventures Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within NC. Charities of a similar size with the same main cause include Clovis Junior Soccer League Inc ($1.5m), Child Welfare Policy and Practice Group ($1.5m) and Greater Indianapolis Literacy League Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10.0% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $58k (3.8% of expenses). Other salaries and wages came to $392k. At year end it held assets of $374k against liabilities of $69k, net assets of $304k. It reported 63 employees.