Silverback Society Inc

Analysis

Silverback Society Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in February 2013, 13 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 July 2023, Silverback Society Inc reported income of $225k and spending of $335k, spending 149% of what it took in. Across the 4 years on record, from July 2020 to July 2023, income fell from $316k to $225k (-29%), an average of -11% a year. The sharpest change came in the year to July 2022, when income dropped by 38%. Over the whole period it spent 120% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Silverback Society Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within LA. Charities of a similar size with the same main cause include Littlefield Area Jr Livestock Show & Sale ($225k), West Bradford Youth Athletics Inc ($225k) and Taylors Creek Youth Organization ($225k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $232k. At year end it held assets of $286k against liabilities of $15k, net assets of $271k. It reported 4 employees.