Venture Free Foundation

Analysis

Venture Free Foundation is a registered charity in United States, based in Woodside, CA. It received its IRS tax-exemption ruling in August 2017, 9 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Venture Free Foundation reported income of $218k and spending of $213k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $178k to $218k (+23%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 98% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Venture Free Foundation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 58th percentile within CA. Charities of a similar size with the same main cause include Harrisons Playmakers ($217k), Youth Corps ($218k) and Pathfinders Childrens Ministry ($217k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $40k (19% of expenses). At year end it held assets of $47k against liabilities of $0, net assets of $47k. It reported 11 employees.