Venture House Inc
Venture House Inc. shows consistent revenue growth and efficient spending with no reported officer compensation.
EIN: 112890587 · Jamaica, NY · Updated: 2026-03-28
Is Venture House Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Venture House Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Venture House Inc
Venture House Inc (EIN: 112890587) is a nonprofit organization based in Jamaica, NY. The organization reported total revenue of $9.3M and total assets of $6.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Venture House Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Venture House Inc with a Mission Score of 85 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, Venture House 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.
Executive Compensation Analysis
Venture House Inc. consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size with revenues exceeding $6 million. This suggests either a fully volunteer leadership structure or that executive compensation is reported under other expense categories, warranting further investigation for complete transparency.
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.
Red Flags
The following concerns were identified during AI analysis of Venture House Inc's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this size and could indicate a lack of transparency in reporting executive pay.
- NTEE code is unknown, making it difficult to benchmark against similar organizations or understand its specific charitable purpose without further research.
Strengths
The following positive indicators were identified for Venture House Inc:
- Consistent revenue growth over the past decade, indicating expanding operations and funding stability (e.g., from $2.6M in 2014 to $6.0M in 2023).
- Strong financial health with growing assets (from $817K in 2014 to $4.2M in 2023).
- High percentage of revenue consistently spent on expenses, suggesting efficient use of funds rather than excessive accumulation (e.g., 96.6% of revenue spent in 2023).
- Positive net assets maintained across all reported periods, indicating financial stability.
Frequently Asked Questions about Venture House Inc
Is Venture House Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Venture House Inc (EIN: 112890587) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Venture House Inc spend its money?
Venture House Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Venture House Inc tax-deductible?
Venture House Inc is registered as a tax-exempt nonprofit (EIN: 112890587). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Venture House Inc. manage to report 0% officer compensation despite its significant revenue?
The consistent reporting of 0% officer compensation across all filings for an organization with revenues exceeding $6 million is highly unusual. This could indicate a fully volunteer board and executive leadership, or that compensation for key management personnel is categorized differently within their financial statements (e.g., as salaries for program staff if executives also perform program roles), or that they are compensated by a related entity. A deeper dive into their full 990 forms, specifically Part VII, Section A, would be necessary to understand this structure.
What is the specific breakdown of program, administrative, and fundraising expenses?
The provided summary data does not offer a detailed breakdown of program, administrative, and fundraising expenses. While the organization consistently spends a high percentage of its revenue on overall expenses (e.g., 96.6% in 2023), without the specific ratios, it's difficult to definitively assess the efficiency of its spending across these categories. A review of their full IRS Form 990, Part IX, Statement of Functional Expenses, would provide this crucial information.
What is the primary mission and program focus of Venture House Inc.?
Based on the NTEE code being 'Unknown' in the provided data, the specific mission and program focus of Venture House Inc. cannot be determined from this summary. To understand their core activities and impact, one would need to consult their official website, mission statement, or the program service accomplishments section (Part III) of their full IRS Form 990.
Filing History
IRS 990 filing history for Venture House Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Venture House Inc's revenue has grown by 119.8%, moving from $2.8M to $6.1M. Total assets increased by 362.5% over the same period, from $929K to $4.3M. Total functional expenses rose by 103.1%, from $2.9M to $5.9M. In its most recent filing year (2023), Venture House Inc reported a surplus of $203K, with revenue exceeding expenses. The organization holds $1.7M in liabilities against $4.3M in assets (debt-to-asset ratio: 39.1%), resulting in net assets of $2.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $6.1M | $5.9M | $4.3M | $1.7M | — | View 990 |
| 2022 | $4.6M | $4.4M | $3.3M | $855K | — | View 990 |
| 2021 | $4.0M | $3.7M | $3.3M | $1.1M | — | View 990 |
| 2020 | $4.0M | $3.7M | $2.4M | $505K | — | View 990 |
| 2019 | $3.7M | $3.5M | $2.2M | $642K | — | View 990 |
| 2018 | $4.1M | $3.5M | $2.1M | $717K | — | View 990 |
| 2017 | $2.9M | $2.8M | $1.4M | $545K | — | View 990 |
| 2016 | $2.9M | $2.8M | $1.3M | $504K | — | View 990 |
| 2015 | $2.7M | $2.7M | $1.2M | $515K | — | View 990 |
| 2014 | $2.6M | $2.6M | $818K | $113K | — | View 990 |
| 2013 | $2.5M | $2.5M | $1.1M | $482K | — | View 990 |
| 2012 | $2.6M | $2.6M | $748K | $100K | — | View 990 |
| 2011 | $2.8M | $2.9M | $929K | $231K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.1M, expenses of $5.9M, and assets of $4.3M (revenue +32.6% year-over-year).
- 2022: Revenue of $4.6M, expenses of $4.4M, and assets of $3.3M (revenue +15.9% year-over-year).
- 2021: Revenue of $4.0M, expenses of $3.7M, and assets of $3.3M (revenue -1.3% year-over-year).
- 2020: Revenue of $4.0M, expenses of $3.7M, and assets of $2.4M (revenue +8.8% year-over-year).
- 2019: Revenue of $3.7M, expenses of $3.5M, and assets of $2.2M (revenue -9.1% year-over-year).
- 2018: Revenue of $4.1M, expenses of $3.5M, and assets of $2.1M (revenue +39.6% year-over-year).
- 2017: Revenue of $2.9M, expenses of $2.8M, and assets of $1.4M (revenue +1.2% year-over-year).
- 2016: Revenue of $2.9M, expenses of $2.8M, and assets of $1.3M (revenue +5.2% year-over-year).
- 2015: Revenue of $2.7M, expenses of $2.7M, and assets of $1.2M (revenue +3.4% year-over-year).
- 2014: Revenue of $2.6M, expenses of $2.6M, and assets of $818K (revenue +5.2% year-over-year).
- 2013: Revenue of $2.5M, expenses of $2.5M, and assets of $1.1M (revenue -2.9% year-over-year).
- 2012: Revenue of $2.6M, expenses of $2.6M, and assets of $748K (revenue -6.6% year-over-year).
- 2011: Revenue of $2.8M, expenses of $2.9M, and assets of $929K.
Data Sources and Methodology
This transparency report for Venture House 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.