The Venture Out Project Inc

Analysis

The Venture Out Project Inc is a registered charity in United States, based in Norhtampton, MA. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Venture Out Project Inc reported income of $819k and spending of $1.0m, spending 124% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $711k to $819k (+15%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 15%. Over the whole period it spent 111% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, The Venture Out Project Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MA. Charities of a similar size with the same main cause include Augusta Arsenal Soccer Club Inc ($819k), Redeeming Love Ministries ($819k) and Children and Screens-Institute of Digital Media and Child Developmen ($818k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 14% of the total. Other salaries and wages came to $579k. At year end it held assets of $214k against liabilities of $173k, net assets of $41k. It reported 15 employees.