Parent Venture Corporation

Analysis

Parent Venture Corporation is a registered charity in United States, based in Menlo Park, CA. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Parent Venture Corporation reported income of $315k and spending of $356k, spending 113% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $224k to $315k (+41%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 51%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Parent Venture Corporation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within CA. Charities of a similar size with the same main cause include Raleigh Day School ($315k), Georgia Agribusiness Council Foundation Inc ($315k) and Teamwork USA Education Corporation ($315k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.6% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $182k (51% of expenses). At year end it held assets of $71k against liabilities of $0, net assets of $71k. It reported 2 employees.