Support for Venezuela

Analysis

Support for Venezuela is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in January 2021, 5 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, Support for Venezuela reported income of $68k and spending of $81k, spending 118% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $293k to $68k (-77%), an average of -52% a year. The sharpest change came in the year to December 2023, when income dropped by 75%. Over the whole period it spent 108% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Support for Venezuela sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 28th percentile within IL. Charities of a similar size with the same main cause include Rotary Club of Greensboro Foundation Inc ($68k), Starfish Children S Outreach Ministry ($68k) and Christians Care International ($68k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $8,774 against liabilities of $6,153, net assets of $2,621.