Social Ventures Inc

Analysis

Social Ventures Inc is a registered charity in United States, based in Ithaca, NY. It received its IRS tax-exemption ruling in June 1999, 27 years ago. Its declared purposes cover employment, 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 December 2023, Social Ventures Inc reported income of $109k and spending of $86k, leaving 22% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $245k to $109k (-55%), an average of -33% a year. The sharpest change came in the year to December 2022, when income dropped by 72%. Over the whole period it spent 77% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Social Ventures Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within NY. Charities of a similar size with the same main cause include Danville Foundation for Industrial Growth ($109k), Junior League of Cedar Rapids Inc ($109k) and Tallahassee Area Chapter of 100 Black Men of America Inc ($109k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $330k against liabilities of $0, net assets of $330k.