Ventures Unlimited Inc

Analysis

Ventures Unlimited Inc is a registered charity in United States, based in Shell Lake, WI. It received its IRS tax-exemption ruling in June 1989, 37 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ventures Unlimited Inc reported income of $3.0m and spending of $2.7m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $3.0m (+28%), an average of +6.4% a year. The sharpest change came in the year to December 2021, when income rose by 47%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ventures Unlimited 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 89th percentile, and in the 90th percentile within WI. Charities of a similar size with the same main cause include Big Brothers Big Sisters of New Mexico ($3.0m), Homeless Leadership Alliance of Pinellas Inc ($3.0m) and Habitat for Humanity International Inc ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.9% and program service revenue 83% of the total. Other salaries and wages came to $1.9m. At year end it held assets of $3.4m against liabilities of $329k, net assets of $3.1m. It reported 182 employees.