South Venice Beach Endowment TR

Analysis

South Venice Beach Endowment TR is a registered charity in United States, based in Venice, FL. It received its IRS tax-exemption ruling in June 2002, 24 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 (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 2022, South Venice Beach Endowment TR reported income of $169k and spending of $184k, spending 109% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $238k to $169k (-29%), an average of -11% a year. The sharpest change came in the year to December 2020, when income dropped by 42%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, South Venice Beach Endowment TR sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within FL. Charities of a similar size with the same main cause include Scissortail Community Development Corporation ($169k), Rotary Charities Foundation of Rotary Club of Providence ($169k) and Mobile United ($169k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 95% of the total. Other salaries and wages came to $16k. At year end it held assets of $885k against liabilities of $2,814, net assets of $883k. It reported 1 employees.