Community Ventures Inc

Analysis

Community Ventures Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in July 2017, 9 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, Community Ventures Inc reported income of $1.6m and spending of $1.7m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.4m to $1.6m (-32%), an average of -9.3% a year. The sharpest change came in the year to December 2020, when income rose by 75%. Over the whole period it spent 63% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Ventures Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within PA. Charities of a similar size with the same main cause include House of Charity ($1.6m), CHC Qalicb II Inc ($1.6m) and Safa Trust Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.7% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $392k (24% of expenses). Other salaries and wages came to $763k. At year end it held assets of $18.5m against liabilities of $646k, net assets of $17.8m. It reported 27 employees.