Sila Corp

Analysis

Sila Corp is a registered charity in United States, based in Tasley, VA. It received its IRS tax-exemption ruling in March 1988, 38 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2024, Sila Corp reported income of $154k and spending of $117k, leaving 24% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income fell from $160k to $154k (-3.7%), an average of -3.7% a year. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sila Corp sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 47th percentile within VA. Charities of a similar size with the same main cause include Christian Thrift Store Inc ($154k), Alabama Elks Association Inc ($154k) and Morgans Mercy Mansion ($154k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 60% and program service revenue 40% of the total. At year end it held assets of $344k against liabilities of $413k, net assets of -$68k.