Rockies Venture Institute

Analysis

Rockies Venture Institute is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in September 2015, 11 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Rockies Venture Institute reported income of $159k and spending of $244k, spending 154% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $38k to $159k (+318%), an average of +318% a year. The sharpest change came in the year to December 2023, when income rose by 318%. Over the whole period it spent 152% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rockies Venture Institute sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 45th percentile within CO. Charities of a similar size with the same main cause include Mustang Youth Soccer Association Inc ($159k), Friends of India ($159k) and New Jersey Blind Citizens Associati on Inc ($159k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $52k against liabilities of $0, net assets of $52k.