Venturedevelopment2004inc

Analysis

Venturedevelopment2004inc is a registered charity in United States, based in Nanuet, NY. It received its IRS tax-exemption ruling in September 2005, 21 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Venturedevelopment2004inc reported income of $51k and spending of $70k, spending 138% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $48k to $51k (+6.7%), an average of +1.6% a year. Over the whole period it spent 138% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Venturedevelopment2004inc sits at the 11th percentile: it is larger than about 11% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 22nd percentile within NY. Charities of a similar size with the same main cause include Kalamazoo Area Housing Corporation ($51k), Almost Home Transitional Housing Program ($51k) and Arc Cape May Housing Inc ($51k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $6,231. At year end it held assets of $591k against liabilities of $22k, net assets of $569k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.