Pride Ventures Inc

Analysis

Pride Ventures Inc is a registered charity in United States, based in Medford, NJ. It received its IRS tax-exemption ruling in December 2009, 17 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Pride Ventures Inc reported income of $110k and spending of $140k, spending 127% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $90k to $110k (+23%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 110% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Pride Ventures Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 47th percentile within NJ. Charities of a similar size with the same main cause include Naoko Mitsui Shirane Foundation ($110k), Emanuel Community Development Corporation ($110k) and Flourish Beaver County ($110k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 41% of the total. At year end it held assets of $207k against liabilities of $3,639, net assets of $203k.