Edventuremore

Analysis

Edventuremore is a registered charity in United States, based in Berkeley, CA. It received its IRS tax-exemption ruling in February 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Edventuremore reported income of $14.0m and spending of $13.0m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.7m to $14.0m (+198%), an average of +31% a year. The sharpest change came in the year to December 2021, when income rose by 243%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Edventuremore sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Eureka College ($14.0m), Village Preparatory School ($14.0m) and Idaho Arts Charter School ($14.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $635k (4.9% of expenses). Other salaries and wages came to $8.5m. At year end it held assets of $3.6m against liabilities of $1.6m, net assets of $2.0m. It reported 794 employees.