Extraordinary Ventures Inc
Extraordinary Ventures Inc. shows consistent revenue growth and lean operations with no reported officer compensation.
EIN: 113808390 · Chapel Hill, NC · Updated: 2026-03-28
Is Extraordinary Ventures Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Extraordinary Ventures Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Extraordinary Ventures Inc
Extraordinary Ventures Inc (EIN: 113808390) is a nonprofit organization based in Chapel Hill, NC. The organization reported total revenue of $1.6M and total assets of $413K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Extraordinary Ventures Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Extraordinary Ventures Inc is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 13.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.5M |
| Surplus / Deficit | +$4K |
| Total Assets | $374K |
| Total Liabilities | $69K |
| Net Assets | $304K |
| Operating Margin | 0.3% |
| Debt-to-Asset Ratio | 18.5% |
| Months of Reserves | 3.0 months |
Financial Health Grade: A
In 2023, Extraordinary Ventures Inc reported a surplus of $4K with revenue exceeding expenses, holds 3.0 months of operating reserves (adequate), has a debt-to-asset ratio of 18.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Extraordinary Ventures Inc's revenue has grown at a compound annual growth rate (CAGR) of 13.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +17.6% | +2.1% | -6.3% |
| 2022 | +2.4% | +29.0% | -21.9% |
| 2021 | +6.2% | +6.7% | +0.5% |
| 2020 | +1.2% | -8.2% | +16.4% |
| 2019 | +12.3% | +15.8% | +12.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Extraordinary Ventures Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Extraordinary Ventures Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $4K, with revenue exceeding expenses.
- Debt-to-asset ratio: 18.5%.
Executive Compensation Analysis
Extraordinary Ventures Inc. reports 0% officer compensation across all available filings, indicating that no salaries or other compensation were paid to its officers. This suggests a highly efficient use of funds, with resources likely directed entirely towards program delivery and operational costs rather than executive salaries.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Extraordinary Ventures Inc:
- Consistent revenue growth, increasing from $660,399 in 2014 to $1,521,187 in 2023.
- No reported officer compensation across all available filings, indicating efficient resource allocation.
- Expenses closely align with revenue, suggesting lean and responsible financial management.
- Healthy asset-to-liability ratio, demonstrating financial stability (e.g., $373,806 assets vs. $69,334 liabilities in 2023).
- Extensive filing history (13 IRS 990s) provides strong financial transparency.
Frequently Asked Questions about Extraordinary Ventures Inc
Is Extraordinary Ventures Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Extraordinary Ventures Inc (EIN: 113808390) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Extraordinary Ventures Inc spend its money?
Extraordinary Ventures Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Extraordinary Ventures Inc tax-deductible?
Extraordinary Ventures Inc is registered as a tax-exempt nonprofit (EIN: 113808390). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Extraordinary Ventures Inc. a good charity?
Based on the available financial data, Extraordinary Ventures Inc. appears to be a well-managed organization. It demonstrates consistent revenue growth, operates with expenses closely matching revenue, and reports no officer compensation, suggesting a strong commitment to its mission and efficient use of funds.
How has Extraordinary Ventures Inc.'s revenue grown over time?
Extraordinary Ventures Inc. has shown consistent revenue growth, increasing from $660,399 in 2014 to $1,521,187 in 2023, more than doubling its revenue in a decade.
What is the organization's financial stability?
The organization appears financially stable, with assets consistently exceeding liabilities. For example, in 2023, assets were $373,806 against liabilities of $69,334, indicating a healthy financial position. While there was a slight dip in assets from $510,841 in 2021 to $373,806 in 2023, the overall trend and current asset-to-liability ratio are positive.
Filing History
IRS 990 filing history for Extraordinary Ventures Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Extraordinary Ventures Inc's revenue has grown by 337.7%, moving from $348K to $1.5M. Total assets increased by 98.4% over the same period, from $188K to $374K. Total functional expenses rose by 324.6%, from $357K to $1.5M. In its most recent filing year (2023), Extraordinary Ventures Inc reported a surplus of $4K, with revenue exceeding expenses. The organization holds $69K in liabilities against $374K in assets (debt-to-asset ratio: 18.5%), resulting in net assets of $304K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.5M | $374K | $69K | — | — |
| 2022 | $1.3M | $1.5M | $399K | $93K | — | — |
| 2021 | $1.3M | $1.2M | $511K | $13K | — | View 990 |
| 2020 | $1.2M | $1.1M | $509K | $122K | — | View 990 |
| 2019 | $1.2M | $1.2M | $437K | $160K | — | View 990 |
| 2018 | $1.0M | $1.0M | $387K | $109K | — | View 990 |
| 2017 | $871K | $855K | $348K | $101K | — | View 990 |
| 2016 | $828K | $825K | $255K | $24K | — | View 990 |
| 2015 | $744K | $753K | $266K | $38K | — | View 990 |
| 2014 | $660K | $671K | $255K | $18K | — | View 990 |
| 2013 | $583K | $535K | $282K | $34K | — | View 990 |
| 2012 | $453K | $427K | $212K | $12K | — | View 990 |
| 2011 | $348K | $357K | $188K | $16K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.5M, and assets of $374K (revenue +17.6% year-over-year).
- 2022: Revenue of $1.3M, expenses of $1.5M, and assets of $399K (revenue +2.4% year-over-year).
- 2021: Revenue of $1.3M, expenses of $1.2M, and assets of $511K (revenue +6.2% year-over-year).
- 2020: Revenue of $1.2M, expenses of $1.1M, and assets of $509K (revenue +1.2% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.2M, and assets of $437K (revenue +12.3% year-over-year).
- 2018: Revenue of $1.0M, expenses of $1.0M, and assets of $387K (revenue +20.2% year-over-year).
- 2017: Revenue of $871K, expenses of $855K, and assets of $348K (revenue +5.1% year-over-year).
- 2016: Revenue of $828K, expenses of $825K, and assets of $255K (revenue +11.4% year-over-year).
- 2015: Revenue of $744K, expenses of $753K, and assets of $266K (revenue +12.6% year-over-year).
- 2014: Revenue of $660K, expenses of $671K, and assets of $255K (revenue +13.3% year-over-year).
- 2013: Revenue of $583K, expenses of $535K, and assets of $282K (revenue +28.7% year-over-year).
- 2012: Revenue of $453K, expenses of $427K, and assets of $212K (revenue +30.4% year-over-year).
- 2011: Revenue of $348K, expenses of $357K, and assets of $188K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Extraordinary Ventures Inc:
Data Sources and Methodology
This transparency report for Extraordinary Ventures Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.