Venturi Brighter Day Employee Fund Inc

Analysis

Venturi Brighter Day Employee Fund Inc is a registered charity in United States, based in Huntsville, AL. It received its IRS tax-exemption ruling in October 2007, 19 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, Venturi Brighter Day Employee Fund Inc reported income of $63k and spending of $42k, leaving 33% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $75k to $63k (-17%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 101% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Venturi Brighter Day Employee Fund Inc sits at the 31st percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 23rd percentile within AL. Charities of a similar size with the same main cause include Whatcom County Dairy Women ($62k), Norman C Tanner and Barbara L Tanner Third Charitable Support TR ($63k) and Cleburne Chamber of Commerce Foundation ($62k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $30k against liabilities of $0, net assets of $30k.