Future Talent of Silicon Valley

Analysis

Future Talent of Silicon Valley is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in August 2013, 13 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Future Talent of Silicon Valley reported income of $1.4m and spending of $1.5m, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.4m (+24%), an average of +5.4% a year. The sharpest change came in the year to December 2021, when income rose by 108%. Over the whole period it spent 89% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Future Talent of Silicon Valley sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include Bright Side Opportunities Corporation ($1.4m), Fort Lowell Soccer Club Inc ($1.4m) and Great Lakes Valley Conference ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $198k (14% of expenses). Other salaries and wages came to $672k. At year end it held assets of $1.1m against liabilities of $175k, net assets of $878k. It reported 48 employees.