Venice Lions Club Foundation Inc

Analysis

Venice Lions Club Foundation Inc is a registered charity in United States, based in Venice, FL. It received its IRS tax-exemption ruling in March 1986, 40 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Venice Lions Club Foundation Inc reported income of $72k and spending of $51k, leaving 29% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income fell from $87k to $72k (-17%), an average of -4.5% a year. The sharpest change came in the year to June 2024, when income rose by 53%. Over the whole period it spent 76% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Venice Lions Club Foundation Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 32nd percentile within FL. Charities of a similar size with the same main cause include Womens Institute for Leadership Development Inc ($72k), Community Compass Inc ($72k) and Clearfield Revitalization Corporation ($72k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 5.1% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.