Youth Venture Inc

Analysis

Youth Venture Inc is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in July 1995, 31 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Youth Venture Inc reported income of $2.9m and spending of $2.8m, spending 96% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.5m to $2.9m (+99%), an average of +19% a year. The sharpest change came in the year to August 2022, when income rose by 96%. Over the whole period it spent 80% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Youth Venture Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within VA. Charities of a similar size with the same main cause include The TVRC Education Foundation ($2.9m), Kids in the Spotlight Inc ($2.9m) and Boys & Girls Clubs of East Mississippi Inc ($2.9m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $105k (3.8% of expenses). Other salaries and wages came to $311k. At year end it held assets of $1.8m against liabilities of $71k, net assets of $1.7m. It reported 6 employees.