Center for Venture Education Inc

Analysis

Center for Venture Education Inc is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in February 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Center for Venture Education Inc reported income of $6.0m and spending of $5.8m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.3m to $6.0m (+38%), an average of +8.4% a year. The sharpest change came in the year to June 2022, when income rose by 79%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Center for Venture Education Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Blue Oak School ($6.0m), Yuut Elitnaurviat-Peoples Learning Center ($6.0m) and Skagit Valley College Foundation C-12 Campus Center Building ($6.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.7% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $978k (17% of expenses). Other salaries and wages came to $916k. At year end it held assets of $101.9m against liabilities of $5.2m, net assets of $96.7m. It reported 11 employees.