Josiah Venture NFP

Analysis

Josiah Venture NFP is a registered charity in United States, based in Wheaton, IL. It received its IRS tax-exemption ruling in November 2001, 25 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Josiah Venture NFP reported income of $16.6m and spending of $17.7m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $13.5m to $16.6m (+24%), an average of +5.4% a year. The sharpest change came in the year to December 2022, when income rose by 56%. Over the whole period it spent 92% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Josiah Venture NFP sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within IL. Charities of a similar size with the same main cause include Star K Certification Inc ($16.5m), Lifeline Childrens Services Inc ($16.7m) and Mandel Jewish Community Center of the Palm Beaches Inc ($16.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $294k (1.7% of expenses). Other salaries and wages came to $4.5m. At year end it held assets of $20.3m against liabilities of $131k, net assets of $20.2m. It reported 116 employees.