Venture Michigan Fund

Analysis

Venture Michigan Fund is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2005, 21 years ago. Its declared purposes cover community improvement and capacity building, 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, Venture Michigan Fund reported income of $11.7m and spending of $1.5m, leaving 87% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $18.2m to $11.7m (-36%), an average of -10% a year. The sharpest change came in the year to December 2020, when income rose by 334%. Over the whole period it spent 26% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Venture Michigan Fund sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Metro North Regional Employment Board ($11.7m), The Corps Network ($11.7m) and Vermont Associates for Training & Development Inc ($11.7m).

At year end it held assets of $254.5m against liabilities of $5.8m, net assets of $248.7m.