Friends of Educare California at Silicon Valley

Analysis

Friends of Educare California at Silicon Valley is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in January 2013, 13 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 June 2023, Friends of Educare California at Silicon Valley reported income of $1.3m and spending of $2.0m, spending 146% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $758k to $1.3m (+76%), an average of +15% a year. The sharpest change came in the year to June 2020, when income rose by 183%. Over the whole period it spent 216% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Educare California at Silicon Valley sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include American Consumer Institute Center for Citizen Research ($1.3m), Carbon County Child Development Programs Inc ($1.3m) and Mesorah High School for Girls Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 44% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $241k (12% of expenses). Other salaries and wages came to $175k. At year end it held assets of $2.8m against liabilities of $179k, net assets of $2.6m. It reported 3 employees.