Silicon Valley Bicycle Coalition

Analysis

Silicon Valley Bicycle Coalition is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in September 2002, 24 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 June 2023, Silicon Valley Bicycle Coalition reported income of $1.9m and spending of $2.0m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $1.9m (+33%), an average of +7.4% a year. The sharpest change came in the year to June 2021, when income rose by 40%. Over the whole period it spent 93% 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 Bicycle Coalition sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Lutherville Timonium Recreation Council ($1.9m), Florida Top Dog All-Stars Inc ($1.9m) and Euell a Wilson Center Inc ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 5.3% of the total. Compensation of current officers, directors and key employees was $285k (14% of expenses). Other salaries and wages came to $979k. At year end it held assets of $1.3m against liabilities of $203k, net assets of $1.1m. It reported 32 employees.