Arkansas Venture Center

Analysis

Arkansas Venture Center is a registered charity in United States, based in Little Rock, AR. It received its IRS tax-exemption ruling in May 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Arkansas Venture Center reported income of $1.4m and spending of $1.9m, spending 132% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.7m to $1.4m (-18%), an average of -4.7% a year. The sharpest change came in the year to December 2020, when income rose by 95%. Over the whole period it spent 78% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Arkansas Venture Center sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within AR. Charities of a similar size with the same main cause include Plumbers and Pipefitters Local Union No 630 Joint Apprentice and ($1.4m), Parents Alliance Employment Project ($1.4m) and Futures Through Training Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 8.0% of the total. At year end it held assets of $3.4m against liabilities of $172k, net assets of $3.2m. It reported 12 employees.