Ventana Fund

Analysis

Ventana Fund is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in February 2016, 10 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 September 2023, Ventana Fund reported income of $1.8m and spending of $1.1m, leaving 38% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $642k to $1.8m (+187%), an average of +30% a year. The sharpest change came in the year to September 2022, when income rose by 308%. Over the whole period it spent 53% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ventana Fund sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within NM. Charities of a similar size with the same main cause include Madison Public Market Foundation ($1.8m), Center for Houstons Future Inc ($1.8m) and Iowa Citizens for Community Improvement ($1.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 8.7% and program service revenue 48% of the total. Other salaries and wages came to $94k. At year end it held assets of $27.1m against liabilities of $19.2m, net assets of $8.0m. It reported 2 employees.