Venture Central Inc
Only null% goes to programs
Venture Central Inc is a 501(c)(3) organization based in Charlottesvle, Virginia, registered in 1999, with $797,425 in FY2024 revenue. CharityIndex grades it B.
300 Preston Ave Ste 206, Charlottesvle, VA, 22902 EIN 51-0252306 Since 1999
Revenue (FY2024)
$797K
▲ 66.7% vs prior year
Community median: $184K
Expenses (FY2024)
$616K
Net assets
$280K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Venture Central Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating5 mo reserves · +23% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Venture Central Inc: 5 mo reserves · +23% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Venture Central Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Venture Central Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 300 Preston Ave Ste 206, Charlottesvle, VA, 22902
- City
- Charlottesvle
- State
- Virginia
- Subcategory
- Economic Development
- Website
- …
Financial trends
Revenue grew from $67K (FY2014) to $797K (FY2024) across 10 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $38KNet assets $280K
Operating margin
22.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$318K
Total liabilities
$38K
Net assets
$280K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $797,425▲66.7% | $615,712▲45.4% | $279,798▲185% | $318,140▲88.6% | 990 |
| 2023 | $478,304▲126% | $423,601▲127% | $98,085▲286% | $168,658▲67.9% | 990 |
| 2022 | $212,093 | $186,650▲760% | $25,443 | $100,443 | 990 |
| 2020 | $0▼100% | $21,696▼85.7% | $0▼100% | $0▼100% | 990EZ |
| 2019 | $17,417▼83.1% | $151,256▼22.5% | $21,696▼86.1% | $21,696▼86.4% | 990EZ |
| 2018 | $103,076▼72.1% | $195,169▼38.7% | $155,535▼37.2% | $159,165▼35.7% | 990EZ |
| 2017 | $369,534▲54.6% | $318,451▲33.8% | $247,628▲26.0% | $247,628▲26.0% | 990 |
| 2016 | $239,053▼23.8% | $238,060▲62.2% | $196,545▲0.5% | $196,545▼0.3% | 990 |
| 2015 | $313,803▲372% | $146,790▲89.5% | $195,552▲585% | $197,192▲586% | 990 |
| 2014 | $66,532 | $77,446 | $28,539 | $28,761 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $581K total
10 grants to Venture Central Inc totaling $581K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Virginia Innovation Partnership Corporation | Research | 2023 | $100,000 |
| Charlottesville Area Community Foundation | Proof of concept for the pilot program delivery model that provides wrap around services to support job seekers | 2018 | $98,233 |
| Charlottesville Area Community Foundation | To support the charlottesville works initiative program | 2017 | $100,000 |
| Charlottesville Area Community Foundation | For meeting milestone a as outlined in the payment schedule of the grant agreement | 2017 | $95,838 |
| Charlottesville Area Community Foundation | For salary and benefits for the peer network coordinator and executive assistant roles. this is the second installment of the multi-year grant and fulfills the commitment for year 1. | 2017 | $41,250 |
| Charlottesville Area Community Foundation | The 2016 salary and benefits for peer network coordinator | 2016 | $33,000 |
| Charlottesville Area Community Foundation | General operating support of the charlottesville works initiative | 2015 | $100,000 |
| Charlottesville Area Community Foundation | Charlottesville works initiative | 2014 | $5,000 |
| Charlottesville Area Community Foundation | Charlottesville works initiative | 2014 | $5,000 |
| Charlottesville Area Community Foundation | Charlottesville works initiative | 2014 | $3,000 |
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Frequently asked questions
- Is Venture Central Inc a legitimate nonprofit?
- Yes. Venture Central Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 51-0252306, based in Charlottesvle, Virginia. Donations are tax-deductible.
- What is Venture Central Inc's EIN?
- Venture Central Inc's Employer Identification Number (EIN) is 51-0252306.
- How much revenue does Venture Central Inc report?
- Venture Central Inc reported $797,425 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Venture Central Inc have?
- CharityIndex grades Venture Central Inc B, based on financial health (reserves and operating margin).
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Data for Venture Central Inc (EIN 51-0252306) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.