Venture Cares Options I Inc

Analysis

Venture Cares Options I Inc is a registered charity in United States, based in Nanuet, NY. It received its IRS tax-exemption ruling in August 2007, 19 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 (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, Venture Cares Options I Inc reported income of $99k and spending of $154k, spending 156% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $98k to $99k (+1.2%), an average of +0.3% a year. Over the whole period it spent 135% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Venture Cares Options I Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 36th percentile within NY. Charities of a similar size with the same main cause include American Foundation for Affordable Housing Inc ($99k), A Giving Heart ($99k) and Fallen Ash Senior Complex Inc ($99k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $24k. At year end it held assets of $1.0m against liabilities of $129k, net assets of $891k.

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.