American Venezuelan Engagement Foundation Inc

Analysis

American Venezuelan Engagement Foundation Inc is a registered charity in United States, based in Doral, FL. It received its IRS tax-exemption ruling in October 2017, 9 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, American Venezuelan Engagement Foundation Inc reported income of $205k and spending of $238k, spending 116% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $471k to $205k (-57%), an average of -34% a year. The sharpest change came in the year to December 2022, when income dropped by 52%. Over the whole period it spent 82% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, American Venezuelan Engagement Foundation Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 58th percentile within FL. Charities of a similar size with the same main cause include Life Essentials Foundation ($205k), Davids Kidz International Inc ($205k) and Rose International Fund for Children ($205k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $8,430 (3.5% of expenses). It paid $185k in professional fundraising fees. At year end it held assets of $882 against liabilities of $138k, net assets of -$137k.