Venn Foundation

Analysis

Venn Foundation is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in April 2017, 9 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Venn Foundation reported income of $4.5m and spending of $6.0m, spending 135% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $4.5m (+314%), an average of +43% a year. The sharpest change came in the year to December 2020, when income rose by 167%. Over the whole period it spent 47% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Venn Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within MN. Charities of a similar size with the same main cause include Notley Foundation ($4.5m), The Fund for the School District of Philadelphia ($4.5m) and WNC Bridge Foundation ($4.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $104k (1.7% of expenses). Other salaries and wages came to $101k. At year end it held assets of $14.0m against liabilities of $1.3m, net assets of $12.7m. It reported 3 employees.