Venture Academy Building Company

Analysis

Venture Academy Building Company is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in May 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Venture Academy Building Company reported income of $731k and spending of $1.0m, spending 138% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $108k to $731k (+576%), an average of +576% a year. The sharpest change came in the year to June 2023, when income rose by 576%. Over the whole period it spent 271% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Venture Academy Building Company sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MN. Charities of a similar size with the same main cause include Canadian Valley Christian Academy Inc ($730k), Southeast Florida Honor Flight Inc ($731k) and Restaurant Association of Maryland Education Foundation Inc ($730k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 92% of the total. At year end it held assets of $9.1m against liabilities of $10.6m, net assets of -$1.4m.