Venturelinx

Analysis

Venturelinx is a registered charity in United States, based in Celina, OH. It received its IRS tax-exemption ruling in April 1974, 52 years ago. 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, Venturelinx reported income of $1.8m and spending of $2.1m, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.7m to $1.8m (-33%), an average of -9.6% a year. The sharpest change came in the year to December 2021, when income rose by 44%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Venturelinx sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within OH. Charities of a similar size with the same main cause include Victor Valley College District Foundation Inc ($1.8m), Ladies of Charity Lake Travis Inc ($1.8m) and Christian Outreach Appeal ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 98% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $1.1m against liabilities of $53k, net assets of $1.1m. It reported 122 employees.