Semi Foundation

Analysis

Semi Foundation is a registered charity in United States, based in Milpitas, CA. It received its IRS tax-exemption ruling in July 2003, 23 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 December 2023, Semi Foundation reported income of $3.6m and spending of $2.7m, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $3.6m (+98%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 821%. Over the whole period it spent 115% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Semi Foundation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Pennsylvanias State System of Higher Education Foundation ($3.6m), Southern District Federal Defender Program Inc ($3.6m) and American Academy of Achievement ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 6.4% of the total. At year end it held assets of $6.4m against liabilities of $2.2m, net assets of $4.2m.