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
Occasional operational deficits, such as $1.79 million in 202312, require careful monitoring of financial sustainability.
Lack of detailed functional expense breakdown prevents a precise assessment of program vs. administrative spending efficiency.
Strengths
Consistent asset growth, from $20.6 million in 2014 to $32.0 million in 2023, indicates strong financial management and stability.
No reported officer compensation across all filings suggests a strong commitment to directing funds towards the mission or a highly efficient compensation structure.
Substantial and consistent revenue generation, generally above $30 million annually, demonstrates a robust operational scale.
Positive net assets (Assets exceeding Liabilities) in all reported periods, with a healthy ratio of $32.0M assets to $8.1M liabilities in 202312.
Spending Breakdown
How Venture Together Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 Together Inc
Is Venture Together Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Venture Together Inc (EIN: 132661988) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Venture Together Inc a good charity to donate to?
Venture Together Inc has a Mission Score of 85/100. Revenue: $42.1M. Assets: $36.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Venture Together Inc?
The Employer Identification Number (EIN) for Venture Together Inc is 132661988. 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 Together Inc spend its money?
Venture Together Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Venture Together Inc's tax-exempt status?
You can verify Venture Together Inc's tax-exempt status using EIN 132661988 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 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.