Venezia Innovative Services

Analysis

Venezia Innovative Services is a registered charity in United States, based in Aurora, CO. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Venezia Innovative Services reported income of $1.3m and spending of $1.2m, spending 98% of its income. The sharpest change came in the year to December 2022, when income rose by 261%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Venezia Innovative Services sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within CO. Charities of a similar size with the same main cause include Family Resources Center ($1.3m), YWCA Corpus Christi ($1.3m) and Westcare Oregon Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $440k (36% of expenses). At year end it held assets of $1.3m against liabilities of $1.2m, net assets of $82k.