New Ventures Enterprises Inc

Analysis

New Ventures Enterprises Inc is a registered charity in United States, based in Lagrange, GA. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, New Ventures Enterprises Inc reported income of $727k and spending of $920k, spending 126% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $463k to $727k (+57%), an average of +9.4% a year. The sharpest change came in the year to June 2020, when income rose by 105%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Ventures Enterprises Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within GA. Charities of a similar size with the same main cause include Programa Del Adolescente de Naranjito Inc ($727k), Common Sense Adoption Services ($728k) and Sisters PGH Corp ($727k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 2.9% and program service revenue 95% of the total. Other salaries and wages came to $421k. At year end it held assets of $1.6m against liabilities of $150k, net assets of $1.5m. It reported 13 employees.