Venture Off

Analysis

Venture Off is a registered charity in United States, based in Colorado SPGS, CO. 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 (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 Off reported income of $420k and spending of $358k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $216k to $420k (+94%), an average of +94% a year. The sharpest change came in the year to December 2023, when income rose by 94%. Over the whole period it spent 90% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Venture Off sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within CO. Charities of a similar size with the same main cause include Khalsa Media Services ($420k), Caritas Foundation of Western Kansas ($420k) and Dar-Ul-Madinah ($419k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $83k (23% of expenses). Other salaries and wages came to $90k. At year end it held assets of $107k against liabilities of $295, net assets of $107k. It reported 8 employees.