Texas Medical Center Venture Fund

Analysis

Texas Medical Center Venture Fund is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in December 2018, 8 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Texas Medical Center Venture Fund reported income of $126k and spending of $372k, spending 294% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $316k to $126k (-60%), an average of -20% a year. The sharpest change came in the year to December 2021, when income rose by 205%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Texas Medical Center Venture Fund sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 46th percentile within TX. Charities of a similar size with the same main cause include Habilitation Hostels Residence Corporation ($126k), Roux for a Reason ($126k) and Ka U Rural Health Community Association Inc ($126k).

Other salaries and wages came to $230k. At year end it held assets of $36.8m against liabilities of $19.2m, net assets of $17.6m. It reported 1 employees.