Florida Venture Foundation Inc

Analysis

Florida Venture Foundation Inc is a registered charity in United States, based in Hialeah GDNS, FL. It received its IRS tax-exemption ruling in October 1998, 28 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Florida Venture Foundation Inc reported income of $257k and spending of $293k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $112k to $257k (+130%), an average of +23% a year. The sharpest change came in the year to December 2022, when income rose by 122%. Over the whole period it spent 112% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Florida Venture Foundation Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 62nd percentile within FL. Charities of a similar size with the same main cause include Aleh Lemaala Inc ($257k), Golden Heart Fund ($257k) and Easttown Library Foundation ($257k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $209k. At year end it held assets of $164k against liabilities of $271k, net assets of -$107k. It reported 10 employees.

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.