Venture Richmond Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 4,054,204 | 3,661,711 | 392,493 | 22.0 | 31% |
| 2021 | 5,575,003 | 5,375,797 | 199,206 | 15.4 | 23% |
| 2022 | 6,480,752 | 6,420,670 | 60,082 | 13.0 | 19% |
| 2023 | 8,083,211 | 7,129,387 | 953,824 | 13.3 | 18% |
In its most recent public year (2023), this organization brought in $953,824 more than it spent. Its reserves stood at about 13.3 months of spending, down from 22 in 2020. Staff pay was 18% of spending. $29,375 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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