Robust asset base, with assets consistently over $250 million.
Low expense ratios relative to assets in recent years (e.g., 2023 expenses were less than 1% of assets).
Spending Breakdown
How Venture Michigan Fund allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Venture Michigan Fund
Is Venture Michigan Fund a legitimate charity?
Based on AI analysis of IRS 990 filings, Venture Michigan Fund (EIN: 201443645) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
Is Venture Michigan Fund a good charity to donate to?
Venture Michigan Fund has a Mission Score of 85/100. Revenue: $30.8M. Assets: $255.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Venture Michigan Fund?
The Employer Identification Number (EIN) for Venture Michigan Fund is 201443645. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Venture Michigan Fund spend its money?
Venture Michigan Fund allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Venture Michigan Fund's tax-exempt status?
You can verify Venture Michigan Fund's tax-exempt status using EIN 201443645 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Venture Michigan Fund exhibits a unique financial profile, characterized by significant fluctuations in revenue and expenses over the past decade. As a fund, its financial health is largely tied to investment performance, which can lead to substantial year-over-year variations. For instance, revenue peaked at over $100 million in 2021 before dropping to $11.6 million in 2023. Despite these fluctuations, the organization consistently reports zero officer compensation, which is a strong indicator of transparency and a commitment to minimizing administrative overhead related to executive pay. The fund's assets have generally remained robust, though they have decreased from a high of $479 million in 2021 to $254 million in 2023, reflecting market conditions or distributions.
The spending efficiency is difficult to assess with a traditional program/admin/fundraising breakdown without more detailed expense categories, as a fund's 'expenses' often relate to investment management fees or distributions rather than direct program delivery in the typical nonprofit sense. However, the low expense ratios relative to assets in recent years (e.g., $1.49 million in expenses against $254 million in assets in 2023) suggest efficient management of its capital. The consistent reporting of zero officer compensation across all filings further enhances its transparency score, indicating that executive pay is not a drain on resources. The organization's financial structure as a fund means its 'program' is likely its investment activity and subsequent distributions, making a direct comparison to service-delivery nonprofits challenging.