Cuventures Inc

Analysis

Cuventures Inc is a registered charity in United States, based in Mequon, WI. It received its IRS tax-exemption ruling in November 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Cuventures Inc reported income of $424k and spending of $455k, spending 107% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $226k to $424k (+88%), an average of +88% a year. The sharpest change came in the year to June 2023, when income rose by 88%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cuventures Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within WI. Charities of a similar size with the same main cause include Northern Arizona Junior Livestock Association Inc ($424k), Troon Country Club Scholarshipfoundation ($424k) and Walther School Foundation Inc ($424k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% of the total. Other salaries and wages came to $92k. At year end it held assets of $1.7m against liabilities of $1.0m, net assets of $661k.