Is Venice Presbyterian Church Foundation Inc Legit?
Quick charity verification for Venice Presbyterian Church Foundation Inc (EIN: 203654776)
Verdict: Venice Presbyterian Church Foundation Inc appears trustworthy
90/100Mission Score
$1.4MRevenue
$1.7MAssets
0Red Flags
4Strengths
No red flags identified.
Strengths
Extremely low administrative expenses ($1,346 in 202312) relative to revenue and assets.
No officer compensation reported in the 202312 filing, indicating volunteer leadership or highly efficient management.
Strong financial stability with $1,722,821 in assets and $0 liabilities.
Significant asset growth demonstrated by the difference between revenue and expenses in the 202312 filing.
AI Transparency Report
Venice Presbyterian Church Foundation Inc appears to be in a strong financial position, as evidenced by its latest revenue of $1,445,866 and assets of $1,722,821. The most recent 990 filing (Period 202312) shows revenue of $663,865 against very low expenses of $1,346, resulting in a significant increase in net assets. This indicates a focus on asset growth and potentially endowment management rather than extensive program spending in that specific period. The organization's liabilities are reported as $0, further solidifying its financial stability. The absence of officer compensation reported in the 202312 filing suggests a volunteer-led or very lean administrative structure, which is a positive indicator for donor confidence and efficient use of funds.