Friends of Silver Gate

Analysis

Friends of Silver Gate is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in December 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Friends of Silver Gate reported income of $236k and spending of $177k, leaving 25% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $186k to $236k (+27%), an average of +26% a year. The sharpest change came in the year to June 2023, when income rose by 27%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Silver Gate sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 59th percentile within CA. Charities of a similar size with the same main cause include Krewe of the Knights of Sant Yago Education Foundation Inc ($236k), Discovery Elementary School Parent Teacher Organization ($236k) and Wisconsin Troopers Benevolent Foundation ($236k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.8% of the total. At year end it held assets of $272k against liabilities of $0, net assets of $272k.