Is Venture Together Inc Legit?

Quick charity verification for Venture Together Inc (EIN: 132661988)

Verdict: Venture Together Inc appears trustworthy

85/100Mission Score
$42.1MRevenue
$36.0MAssets
2Red Flags
4Strengths

Red Flags

Strengths

AI Transparency Report

Venture Together Inc demonstrates consistent financial activity, with revenues and expenses generally in the range of $30-40 million over the past decade. The organization's assets have shown steady growth, increasing from approximately $20 million in 2014 to over $32 million in the latest filing (202312). While the 202312 filing shows expenses ($39,158,367) exceeding revenue ($37,369,089), leading to a deficit, this is not an isolated incident, as similar patterns were observed in 201912 and 201412. However, the organization has also posted surpluses in other years, such as 202112 where revenue significantly outpaced expenses ($37,766,100 vs $32,775,087). The organization's financial health appears stable, supported by growing assets and a history of managing substantial operations. The consistent reporting of 0% officer compensation across all available filings is a notable aspect of its transparency, indicating that executive salaries are not drawn from the organization's reported officer compensation line item, or that officers are uncompensated. This practice, if it means officers are truly uncompensated, could be seen as a strong commitment to directing funds towards the mission. Further detail on functional expenses would be needed for a complete spending efficiency analysis, but the absence of reported officer compensation is a positive indicator for transparency.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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