Venture Academy

Analysis

Venture Academy is a registered charity in United States, based in Ogden, UT. It received its IRS tax-exemption ruling in May 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Venture Academy reported income of $8.4m and spending of $7.2m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.6m to $8.4m (+28%), an average of +6.4% a year. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Venture Academy sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within UT. Charities of a similar size with the same main cause include Central Catholic Development Foundation ($8.4m), Central Park School for Children ($8.4m) and University of Mississippi Educational Building Corporation ($8.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 3.1% of the total. Compensation of current officers, directors and key employees was $174k (2.4% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $17.0m against liabilities of $11.5m, net assets of $5.6m. It reported 175 employees.