Venture Villa Inc

Analysis

Venture Villa Inc is a registered charity in United States, based in Pryor, OK. It received its IRS tax-exemption ruling in March 1994, 32 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Venture Villa Inc reported income of $104k and spending of $132k, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $88k to $104k (+18%), an average of +4.3% a year. Over the whole period it spent 132% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Venture Villa Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 38th percentile within OK. Charities of a similar size with the same main cause include Jonquil Development Corporation ($104k), Horizon Homes for Elderly Inc ($104k) and Judes Place Apartments Inc ($103k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 76% of the total. Other salaries and wages came to $28k. At year end it held assets of $353k against liabilities of $1.1m, net assets of -$735k. It reported 2 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.