Volunteer Ventures Ma Inc

Analysis

Volunteer Ventures Ma Inc is a registered charity in United States, based in Lexington, MA. It received its IRS tax-exemption ruling in November 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Volunteer Ventures Ma Inc reported income of $59k and spending of $59k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $63k to $59k (-7.1%), an average of -7.1% a year. Over the whole period it spent 75% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Volunteer Ventures Ma Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 32nd percentile within MA. Charities of a similar size with the same main cause include Howard County Fairgrounds Foundation Inc ($59k), Mosaic Housing Corp Xvi Farmington ($59k) and Outreach Thrift Shop Inc ($59k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 24% of the total. At year end it held assets of $38k against liabilities of $1,087, net assets of $37k.