Defy Ventures Inc

Analysis

Defy Ventures Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in November 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Defy Ventures Inc reported income of $4.0m and spending of $3.8m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.4m to $4.0m (+67%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Defy Ventures Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Solomon Schechter Day School of Greater Hartford Inc ($4.0m), The Society of Clinical Research Associates Inc ($4.0m) and Miami-Dade County Public Schools Fo Undation Inc ($4.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 2.9% of the total. Compensation of current officers, directors and key employees was $324k (8.5% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $3.3m against liabilities of $725k, net assets of $2.6m. It reported 64 employees.