Venture Foundation Ltd

Analysis

Venture Foundation Ltd is a registered charity in United States, based in Nanuet, NY. It received its IRS tax-exemption ruling in September 1994, 32 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, Venture Foundation Ltd reported income of $360k and spending of $509k, spending 141% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $836k to $360k (-57%), an average of -19% a year. The sharpest change came in the year to December 2021, when income rose by 89%. Over the whole period it spent 146% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Venture Foundation Ltd sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Mohave County Historical Society Inc ($360k), B U L L Session Charity Golf Tournament ($360k) and PTA California Congress of Parents Teachers & Students Inc ($360k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $120k (24% of expenses). Other salaries and wages came to $193k. At year end it held assets of $477k against liabilities of $100k, net assets of $377k. It reported 5 employees.