Venture International Academy

Analysis

Venture International Academy is a registered charity in United States, based in Tavares, FL. It received its IRS tax-exemption ruling in February 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. 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 January 2024, Venture International Academy reported income of $172k and spending of $191k, spending 111% of what it took in. Across the 5 years on record, from January 2020 to January 2024, income fell from $1.4m to $172k (-87%), an average of -40% a year. The sharpest change came in the year to January 2024, when income rose by 131%. Over the whole period it spent 116% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Venture International Academy sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within FL. Charities of a similar size with the same main cause include Arin Excellence Foundation ($172k), Backers of Lexington Debate Inc ($172k) and Montgomery Center for Research in Child & Adolescent Development Inc ($172k).

On its Form 990 for the period ending January 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $36k against liabilities of $63k, net assets of -$27k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.