Breakthrough Silicon Valley

Analysis

Breakthrough Silicon Valley is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in April 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Breakthrough Silicon Valley reported income of $3.2m and spending of $2.5m, spending 81% of its income. Across the 5 years on record, from January 2020 to May 2023, income grew from $1.7m to $3.2m (+86%), an average of +17% a year. The sharpest change came in the year to May 2021, when income rose by 148%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Breakthrough Silicon Valley sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Rockingham Library Association ($3.2m), Bayan ($3.2m) and Slam Academy of Atlanta Inc ($3.2m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 99% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $178k (7.0% of expenses). Other salaries and wages came to $1.3m. It paid $64k in professional fundraising fees. At year end it held assets of $3.2m against liabilities of $162k, net assets of $3.0m. It reported 48 employees.