Spelman College Special Ventures Fund Inc

Analysis

Spelman College Special Ventures Fund Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in September 1984, 42 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Spelman College Special Ventures Fund Inc reported income of $20.0m and spending of $104.2m, spending 522% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $20.5m to $20.0m (-2.5%), an average of -0.6% a year. The sharpest change came in the year to June 2020, when income rose by 28%. Over the whole period it spent 299% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Spelman College Special Ventures Fund Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within GA. Charities of a similar size with the same main cause include Empower Lga Inc ($20.0m), Kentucky Country Day School Inc ($20.0m) and Village Community School ($20.0m).

At year end it held assets of $243.3m against liabilities of $25k, net assets of $243.3m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.