Joint Venture Silicon Valley Network

Analysis

Joint Venture Silicon Valley Network is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in August 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Joint Venture Silicon Valley Network reported income of $2.5m and spending of $2.6m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.2m to $2.5m (+16%), an average of +3.8% a year. The sharpest change came in the year to June 2022, when income rose by 20%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Joint Venture Silicon Valley Network sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Sir Harold Acton Charitable TR ($2.5m), George W Gould Construction Institute Inc ($2.5m) and Oak Tree Foundation Inc ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $514k (19% of expenses). Other salaries and wages came to $916k. At year end it held assets of $2.2m against liabilities of $1.3m, net assets of $829k. It reported 16 employees.