Venture Together Inc

Analysis

Venture Together Inc is a registered charity in United States, based in Nanuet, NY. It received its IRS tax-exemption ruling in November 1982, 44 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 December 2023, Venture Together Inc reported income of $37.4m and spending of $39.2m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $37.4m to $37.4m (-0.2%), an average of +-0.0% a year. The sharpest change came in the year to December 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 Together Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Buckner International ($37.3m), Think Small ($37.4m) and Cicoa Aging & in Home Solutions Inc ($37.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.1% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $1.0m (2.7% of expenses). Other salaries and wages came to $24.0m. At year end it held assets of $32.1m against liabilities of $8.2m, net assets of $23.9m. It reported 572 employees.