Effective Ventures Foundation USA

Analysis

Effective Ventures Foundation USA is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Effective Ventures Foundation USA reported income of $75.0m and spending of $65.8m, spending 88% of its income. Across the 5 years on record, from December 2019 to June 2023, income grew from $8.4m to $75.0m (+789%), an average of +73% a year. The sharpest change came in the year to June 2022, when income rose by 334%. Over the whole period it spent 72% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Effective Ventures Foundation USA sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Lindsey Wilson University Inc ($74.9m), Clemson University Foundation ($75.0m) and Oklahoma Christian University Inc ($74.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $687k (1.0% of expenses). Other salaries and wages came to $4.7m. At year end it held assets of $79.4m against liabilities of $36.3m, net assets of $43.2m. It reported 55 employees.