Venezuela Now Inc

Analysis

Venezuela Now Inc is a registered charity in United States, based in Acworth, GA. It received its IRS tax-exemption ruling in March 2004, 22 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Venezuela Now Inc reported income of $914k and spending of $917k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $480k to $914k (+90%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 50%. Over the whole period it spent 91% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Venezuela Now Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within GA. Charities of a similar size with the same main cause include The Refinery Mission ($914k), Impact Retreat Inc ($914k) and American Friends of Yeshivat Chochmat Shlomo ($914k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $66k (7.2% of expenses). Other salaries and wages came to $30k. It paid $37k in professional fundraising fees. At year end it held assets of $384k against liabilities of $8,067, net assets of $376k. It reported 3 employees.