Salt Ventures NFP

Analysis

Salt Ventures NFP is a registered charity in United States, based in Wheaton, IL. It received its IRS tax-exemption ruling in December 2008, 18 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Salt Ventures NFP reported income of $471k and spending of $471k, spending 100% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $405k to $471k (+16%), an average of +3.1% a year. The sharpest change came in the year to December 2020, when income rose by 28%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Salt Ventures NFP sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within IL. Charities of a similar size with the same main cause include Beth-Hark Christian Counseling Cent Er Inc ($471k), Lcby Inc ($471k) and Children Rescue Mission ($471k).

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 $18k (3.8% of expenses). Other salaries and wages came to $102k. At year end it held assets of $19k against liabilities of $0, net assets of $19k.