Venture Ministries Incorporated

Analysis

Venture Ministries Incorporated is a registered charity in United States, based in San Marcos, TX. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Venture Ministries Incorporated reported income of $294k and spending of $277k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $185k to $294k (+59%), an average of +59% a year. The sharpest change came in the year to December 2023, when income rose by 59%. Over the whole period it spent 84% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Venture Ministries Incorporated sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 66th percentile within TX. Charities of a similar size with the same main cause include Global Che Enterprises ($294k), Islamic Center of Western Pennsylvania Inc ($294k) and Retro Ministries ($294k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $41k (15% of expenses). Other salaries and wages came to $39k. At year end it held assets of $78k against liabilities of $1,318, net assets of $77k. It reported 5 employees.