Foundation of Ventura County Credit Union

Analysis

Foundation of Ventura County Credit Union is a registered charity in United States, based in Ventura, CA. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Foundation of Ventura County Credit Union reported income of $116k and spending of $122k, spending 105% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $104k to $116k (+12%), an average of +12% a year. Over the whole period it spent 103% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Foundation of Ventura County Credit Union sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 43rd percentile within CA. Charities of a similar size with the same main cause include Robert S and Sylvia K Reitman Family Foundation ($116k), Mision Cristiana Dios Es Bueno ($116k) and TC Open Charitable Foundation ($116k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $57k against liabilities of $0, net assets of $57k.