Venture Carolina

Analysis

Venture Carolina is a registered charity in United States, based in Chapin, SC. It received its IRS tax-exemption ruling in July 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, Venture Carolina reported income of $100k and spending of $139k, spending 138% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $306k to $100k (-67%), an average of -43% a year. The sharpest change came in the year to December 2023, when income dropped by 60%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Venture Carolina sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 42nd percentile within SC. Charities of a similar size with the same main cause include Main Street Elkader Inc ($100k), Great Lakes Biomimicry Inc ($100k) and Area I Hvac Jatc Apprenticeship Trust Fund ($100k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $15k. At year end it held assets of $8,534 against liabilities of $4,136, net assets of $4,398. It reported 1 employees.