Rassawek Ventures Inc

Analysis

Rassawek Ventures Inc is a registered charity in United States, based in Rockville, VA. It received its IRS tax-exemption ruling in May 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, Rassawek Ventures Inc reported income of $167k and spending of $17k, leaving 90% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $86k to $167k (+94%), an average of +39% a year. The sharpest change came in the year to December 2023, when income rose by 4136%. Over the whole period it spent 22% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Rassawek Ventures Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 49th percentile within VA. Charities of a similar size with the same main cause include The Philanthrophy Community Foundation ($167k), Sequachee Valley Electric Cares Inc ($167k) and New Beginnings Orphanages ($167k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% of the total. At year end it held assets of $284k against liabilities of $0, net assets of $284k.