Venture Mentoring Team Inc

Analysis

Venture Mentoring Team Inc is a registered charity in United States, based in Pompano Beach, FL. It received its IRS tax-exemption ruling in February 2017, 9 years ago. 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 Mentoring Team Inc reported income of $127k and spending of $184k, spending 145% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $100k to $127k (+27%), an average of +8.4% a year. The sharpest change came in the year to December 2021, when income rose by 164%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Venture Mentoring Team Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 47th percentile within FL. Charities of a similar size with the same main cause include All in Basketball Academy ($127k), Prescott Creeks Preservation Association ($127k) and Bush Telegraph Mission ($127k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 70% of the total. Other salaries and wages came to $44k. At year end it held assets of $207k against liabilities of $0, net assets of $207k. It reported 1 employees.