Venture Noire Inc

Analysis

Venture Noire Inc is a registered charity in United States, based in Bentonville, AR. It received its IRS tax-exemption ruling in September 2020, 6 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 (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, Venture Noire Inc reported income of $222k and spending of $471k, spending 212% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $692k to $222k (-68%), an average of -43% a year. The sharpest change came in the year to December 2022, when income rose by 111%. Over the whole period it spent 85% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Venture Noire Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 57th percentile within AR. Charities of a similar size with the same main cause include Lagrange County Economic Development Corporation ($222k), Novi Community Coalition ($222k) and Nikwasi Initiative ($222k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $75k (16% of expenses). At year end it held assets of $306k against liabilities of $1,052, net assets of $305k. It reported 5 employees.