Ventures for Christ Inc

Analysis

Ventures for Christ Inc is a registered charity in United States, based in Fayetteville, AR. It received its IRS tax-exemption ruling in October 1976, 50 years ago. 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, Ventures for Christ Inc reported income of $208k and spending of $192k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $196k to $208k (+5.9%), an average of +1.4% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ventures for Christ Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 56th percentile within AR. Charities of a similar size with the same main cause include Otherworld Media Inc ($208k), Cook County Council on Aging Inc ($208k) and New England Educational Opportunity Association ($208k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $96k (50% of expenses). Other salaries and wages came to $47k. At year end it held assets of $110k against liabilities of $857, net assets of $109k. It reported 7 employees.