Philanthropic Ventures Foundation

Analysis

Philanthropic Ventures Foundation is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in August 1991, 35 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 December 2023, Philanthropic Ventures Foundation reported income of $71.0m and spending of $24.9m, leaving 65% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $14.4m to $71.0m (+392%), an average of +49% a year. The sharpest change came in the year to December 2023, when income rose by 210%. Over the whole period it spent 62% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Philanthropic Ventures Foundation sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Give Back Foundation ($70.0m), Rady Childrens Hospital Foundation San Diego ($71.7m) and Jewish Federation of Greater Philadelphia ($69.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $341k (1.4% of expenses). Other salaries and wages came to $4.1m. At year end it held assets of $81.6m against liabilities of $47k, net assets of $81.6m. It reported 7 employees.