Ventures

Analysis

Ventures is a registered charity in United States, based in Watsonville, CA. It received its IRS tax-exemption ruling in July 1990, 36 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 reported income of $5.2m and spending of $2.0m, leaving 61% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $313k to $5.2m (+1556%), an average of +102% a year. The sharpest change came in the year to December 2020, when income rose by 1574%. Over the whole period it spent 66% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ventures sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Primrose Center Inc ($5.2m), Hospice of Yancey County Inc Dba Compassionate Care Western NC ($5.2m) and Brown Bear Corporation ($5.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $148k (7.3% of expenses). Other salaries and wages came to $895k. At year end it held assets of $6.0m against liabilities of $205k, net assets of $5.8m. It reported 27 employees.