Ventures Atl Inc

Analysis

Ventures Atl Inc is a registered charity in United States, based in Sandy Springs, GA. It received its IRS tax-exemption ruling in December 2016, 10 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 April 2024, Ventures Atl Inc reported income of $719k and spending of $639k, spending 89% of its income. Across the 5 years on record, from April 2020 to April 2024, income grew from $305k to $719k (+136%), an average of +24% a year. The sharpest change came in the year to April 2022, when income rose by 70%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ventures Atl 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 Domestic Violence Center of Grays Harbor ($719k), Kids Light Inc ($719k) and Health Advocates for Older People Inc ($719k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 22% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $156k (24% of expenses). Other salaries and wages came to $317k. At year end it held assets of $313k against liabilities of $20k, net assets of $293k. It reported 26 employees.