Social Venture Partners

Analysis

Social Venture Partners is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in November 2002, 24 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 September 2023, Social Venture Partners reported income of $553k and spending of $824k, spending 149% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.8m to $553k (-69%), an average of -25% a year. The sharpest change came in the year to September 2023, when income dropped by 54%. Over the whole period it spent 111% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Social Venture Partners sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within WA. Charities of a similar size with the same main cause include Subramaniam Charitable Foundation ($553k), Under the Same Sun Foundation USA ($553k) and The Broadview Cares Foundation Inc ($553k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $183k (22% of expenses). Other salaries and wages came to $208k. It paid $25k in professional fundraising fees. At year end it held assets of $459k against liabilities of $178k, net assets of $281k. It reported 5 employees.