Venture Central Inc

Analysis

Venture Central Inc is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in February 1999, 27 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 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 December 2023, Venture Central Inc reported income of $478k and spending of $424k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $212k to $478k (+126%), an average of +126% a year. The sharpest change came in the year to December 2023, when income rose by 126%. Over the whole period it spent 88% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Venture Central Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within VA. Charities of a similar size with the same main cause include Restoration Project Inc ($478k), McMullen County Community Development Corporation ($478k) and Electric Lit Inc ($478k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.8% of the total. Other salaries and wages came to $68k. At year end it held assets of $169k against liabilities of $71k, net assets of $98k. It reported 2 employees.