Self Help Ventures Fund

Analysis

Self Help Ventures Fund is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in May 1984, 42 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Self Help Ventures Fund reported income of $67.7m and spending of $57.5m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $71.4m to $67.7m (-5.2%), an average of -1.3% a year. The sharpest change came in the year to December 2022, when income rose by 58%. Over the whole period it spent 62% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Self Help Ventures Fund sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NC. Charities of a similar size with the same main cause include Philadelphia Works Inc ($67.3m), Hispanic Federation Inc ($67.9m) and Goodwill Industries of Southern New Jersey ($66.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.9% and program service revenue 86% of the total. At year end it held assets of $1.03bn against liabilities of $391.9m, net assets of $641.0m.