Venture

Analysis

Venture is a registered charity in United States, based in Burnsville, MN. It received its IRS tax-exemption ruling in May 1992, 34 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, Venture reported income of $7.6m and spending of $7.6m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.2m to $7.6m (+48%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 62%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Venture 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 94th percentile, and in the 94th percentile within MN. Charities of a similar size with the same main cause include Young Mens Christian Association of the Sewickley Valley ($7.6m), Kent County Habitat for Humanity ($7.6m) and Association of Black Foundation Executives Inc ($7.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 1.8% of the total. Compensation of current officers, directors and key employees was $204k (2.7% of expenses). Other salaries and wages came to $858k. At year end it held assets of $4.5m against liabilities of $230k, net assets of $4.2m. It reported 11 employees.