Silicon Valley Basketball Club SVBC

Analysis

Silicon Valley Basketball Club SVBC is a registered charity in United States, based in Los Altos, CA. It received its IRS tax-exemption ruling in June 2014, 12 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 (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 Basketball Club SVBC reported income of $144k and spending of $144k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $171k to $144k (-16%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 16%. Over the whole period it spent 91% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Silicon Valley Basketball Club SVBC sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 48th percentile within CA. Charities of a similar size with the same main cause include Granite Backcountry Alliance ($144k), Knoxville Football Club ($144k) and Central Ohio Rowing ($144k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $73k against liabilities of $0, net assets of $73k.