Silicon Valley Bicycle Exchange

Analysis

Silicon Valley Bicycle Exchange is a registered charity in United States, based in Palo Alto, CA. It received its IRS tax-exemption ruling in December 2013, 13 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Silicon Valley Bicycle Exchange reported income of $429k and spending of $260k, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $191k to $429k (+124%), an average of +22% a year. The sharpest change came in the year to December 2020, when income rose by 36%. Over the whole period it spent 61% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Silicon Valley Bicycle Exchange 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 68th percentile, and in the 70th percentile within CA. Charities of a similar size with the same main cause include Portsmouth Volunteers for the Homeless Inc ($429k), Visitation House Inc ($429k) and Perry County Senior Citizens Service Center Incorporated ($429k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% of the total. Other salaries and wages came to $173k. At year end it held assets of $938k against liabilities of $13k, net assets of $925k. It reported 2 employees.