Rev1 Ventures

Analysis

Rev1 Ventures is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in August 2000, 26 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, Rev1 Ventures reported income of $11.1m and spending of $11.4m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $14.1m to $11.1m (-22%), an average of -5.9% a year. The sharpest change came in the year to December 2020, when income dropped by 27%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rev1 Ventures sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within OH. Charities of a similar size with the same main cause include Oklahoma Connections Academy Inc ($11.1m), Summerfield Waldorf School and Farm ($11.1m) and Chicago Bar Foundation ($11.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $2.4m (21% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $30.8m against liabilities of $1.6m, net assets of $29.1m. It reported 50 employees.