Teen Venture

Analysis

Teen Venture is a registered charity in United States, based in Richlands, VA. It received its IRS tax-exemption ruling in December 2003, 23 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Teen Venture reported income of $95k and spending of $109k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $47k to $95k (+102%), an average of +19% a year. The sharpest change came in the year to December 2022, when income rose by 420%. Over the whole period it spent 150% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Teen Venture sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 35th percentile within VA. Charities of a similar size with the same main cause include Webster Travel Baseball ($95k), New Mexico Rodeo Association ($95k) and Methuen Youth Baseball Association Inc ($95k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $31k (28% of expenses). At year end it held assets of $774k against liabilities of $2,455, net assets of $772k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.