Global Venture Inc

Analysis

Global Venture Inc is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in March 1984, 42 years ago. 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, Global Venture Inc reported income of $97k and spending of $121k, spending 125% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $86k to $97k (+12%), an average of +12% a year. Over the whole period it spent 112% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Global Venture Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 34th percentile within NC. Charities of a similar size with the same main cause include Brattleboro Hockey Association Inc ($97k), Legatus ($97k) and Pompton Lakes Soccer Association ($97k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 122% of the total. At year end it held assets of $9,016 against liabilities of $0, net assets of $9,016.