Venture Capital Foundation

Analysis

Venture Capital Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in December 2017, 9 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Venture Capital Foundation reported income of $1.7m and spending of $1.2m, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.1m to $1.7m (-46%), an average of -14% a year. The sharpest change came in the year to December 2021, when income dropped by 58%. Over the whole period it spent 37% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Venture Capital Foundation 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 84th percentile, and in the 64th percentile within DC. Charities of a similar size with the same main cause include Warren County Development Association ($1.7m), Compassion Center of Nwa Inc ($1.7m) and One Community NYC Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 50% of the total. Other salaries and wages came to $756k. At year end it held assets of $7.7m against liabilities of $1.3m, net assets of $6.4m.