Silicon Schools Fund Inc

Analysis

Silicon Schools Fund Inc is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in September 2012, 14 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, Silicon Schools Fund Inc reported income of $7.6m and spending of $7.9m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $12.2m to $7.6m (-38%), an average of -11% a year. The sharpest change came in the year to December 2022, when income dropped by 32%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Silicon Schools Fund Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Institute for Native Pacific Education and Culture ($7.6m), Camelback Education Inc ($7.6m) and Urban Discovery Schools ($7.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $1.4m (18% of expenses). Other salaries and wages came to $164k. At year end it held assets of $26.4m against liabilities of $330k, net assets of $26.1m. It reported 5 employees.