New Venture Fund

Analysis

New Venture Fund is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in January 2007, 19 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, New Venture Fund reported income of $669.1m and spending of $894.8m, spending 134% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $460.8m to $669.1m (+45%), an average of +9.8% a year. The sharpest change came in the year to December 2020, when income rose by 112%. Over the whole period it spent 88% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, New Venture Fund sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within DC. Charities of a similar size with the same main cause include Center for Sustainable Energy ($502.9m), World Wildlife Fund Inc ($372.8m) and The Conservation Fund a Nonprofit Corporation ($327.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 2.6% of the total. Compensation of current officers, directors and key employees was $744k (0.1% of expenses). Other salaries and wages came to $88.3m. It paid $329k in professional fundraising fees. At year end it held assets of $768.5m against liabilities of $141.2m, net assets of $627.3m. It reported 964 employees.