Ventures

Analysis

Ventures is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in May 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Ventures reported income of $2.9m and spending of $3.4m, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $2.9m (+66%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 105%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ventures sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within WA. Charities of a similar size with the same main cause include Oak Ridge Foundation Incorporated ($2.9m), Kansas City Autism Training Center Inc ($2.9m) and Livelikelou Foundation ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 2.4% of the total. Compensation of current officers, directors and key employees was $275k (8.1% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $3.8m against liabilities of $983k, net assets of $2.8m. It reported 27 employees.