Ising Silicon Valley

Analysis

Ising Silicon Valley is a registered charity in United States, based in Palo Alto, CA. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 July 2024, Ising Silicon Valley reported income of $1.3m and spending of $1.3m, spending 96% of its income. Across the 5 years on record, from July 2020 to July 2024, income grew from $787k to $1.3m (+69%), an average of +14% a year. The sharpest change came in the year to July 2023, when income rose by 45%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ising Silicon Valley sits at the 88th percentile: it is larger than about 88% 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 Rock and Soul Forever Foundation ($1.3m), Attack Theatre Incorporated ($1.3m) and Winter Opera St Louis ($1.3m).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 36% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $418k (33% of expenses). Other salaries and wages came to $164k. At year end it held assets of $1.1m against liabilities of $407k, net assets of $699k. It reported 5 employees.