Venango Training & Development Center Inc

Analysis

Venango Training & Development Center Inc is a registered charity in United States, based in Seneca, PA. It received its IRS tax-exemption ruling in May 1974, 52 years ago. 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 June 2023, Venango Training & Development Center Inc reported income of $2.5m and spending of $2.5m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.6m to $2.5m (-29%), an average of -8.2% a year. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Venango Training & Development Center Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 86th percentile within PA. Charities of a similar size with the same main cause include Camp Tecumseh ($2.5m), Voices of Stephenson County ($2.5m) and Lebanon Rescue Mission Inc ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 10% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $129k (5.1% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $2.0m against liabilities of $1.2m, net assets of $792k. It reported 158 employees.