Strand Ventures Inc

Analysis

Strand Ventures Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in December 2001, 25 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 May 2024, Strand Ventures Inc reported income of $587k and spending of $638k, spending 109% of what it took in. Across the 5 years on record, from May 2020 to May 2024, income grew from $491k to $587k (+19%), an average of +4.5% a year. The sharpest change came in the year to May 2022, when income rose by 141%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Strand Ventures Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within NJ. Charities of a similar size with the same main cause include Albany Barn Inc ($587k), Delaware Valley Arts Alliance Inc ($587k) and Common Ground on the Hill Ltd ($587k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 19% and program service revenue 81% of the total. Other salaries and wages came to $235k. At year end it held assets of $352k against liabilities of $164k, net assets of $188k.