Beautiful Ventures Foundation Inc

Analysis

Beautiful Ventures Foundation Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in July 2018, 8 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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, Beautiful Ventures Foundation Inc reported income of $98k and spending of $71k, leaving 27% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $61k to $98k (+59%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 103%. Over the whole period it spent 75% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Beautiful Ventures Foundation Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 38th percentile within GA. Charities of a similar size with the same main cause include Falmouth Together We Can Inc ($98k), Meadows Eastside Community Resource Organization ($98k) and Sisterspace of the Delaware Valley Ltd ($98k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $55k. At year end it held assets of $68k against liabilities of $0, net assets of $68k.