New Venture Fund
1828 L St NW Ste 400, Washington, DC · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $662,364,100 | $723,042,837 | $534,324,786 |
| FY2023 | $669,088,461 | $894,839,728 | $627,295,624 |
| FY2022 | $755,584,165 | $825,032,231 | $895,023,712 |
| FY2021 | $963,814,870 | $552,517,598 | $1,118,219,688 |
| FY2020 | $975,483,022 | $658,874,215 | $713,388,424 |
| FY2019 | $460,798,902 | $420,857,504 | $407,477,878 |
| FY2018 | $405,281,263 | $373,007,693 | $371,491,214 |
| FY2017 | $358,858,641 | $329,784,536 | $339,217,644 |
| FY2016 | $357,581,316 | $264,546,947 | $321,816,285 |
| FY2015 | $318,405,056 | $214,351,188 | $230,092,075 |
| FY2014 | $179,424,945 | $134,487,602 | $125,811,198 |
| FY2013 | $112,942,320 | $74,982,490 | $80,873,855 |
| FY2012 | $52,519,099 | $39,574,786 | $42,914,025 |
| FY2011 | $36,542,348 | $24,722,363 | $29,969,712 |
Form 990 filings
The returns filed by New Venture Fund (EIN 20-5806345), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $628,271,501 | 95% |
| Program service revenue | $12,166,350 | 2% |
| Other revenue | $21,926,249 | 3% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $684,994,710 | 95% |
| Management & general | $36,047,829 | 5% |
| Fundraising | $2,000,298 | <1% |
What the numbers show
- Contributions & grants made up 95% of total revenue in FY2024.
- Program services accounted for 95% of functional expenses, management & general 5%, and fundraising 0%.
- 95% of functional expenses went to program services in FY2024. That is higher than 97.3% of 37 Environment organizations in DC.
- Net assets covered about 8.9 months of expenses at the end of the reporting year. That puts it in the 46th percentile among 203 Environment organizations in DC.
- Total revenue was the highest among 206 Environment organizations in DC.
- Total revenue rose from $36,542,348 in FY2011 to $662,364,100 in FY2024. Revenue increased in 9 and decreased in 4 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 3 of 14 reported years (FY2022, FY2023, FY2024).
- The highest revenue on record here is $975,483,022 in FY2020.
- Net assets grew from $29,969,712 to $534,324,786 between FY2011 and FY2024.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
NEW VENTURE FUND, A 501(C)(3) NONPROFIT ORGANIZATION, AIMS TO HELP BUILD A JUST, EQUITABLE, AND SUSTAINABLE FUTURE BY GETTING THE RIGHT TYPES OF PHILANTHROPIC CAPITAL INTO THE HANDS OF PEOPLE WITH THE RIGHT IDEAS, AT THE RIGHT TIMES, IN THE RIGHT PLACES TO ACCOMPLISH NEEDED CHANGE.
IRS status
| Ruling year | 2007 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | C05 — Environment (in DC) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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