Silicon Andhra

Analysis

Silicon Andhra is a registered charity in United States, based in Milpitas, CA. It received its IRS tax-exemption ruling in September 2003, 23 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 June 2023, Silicon Andhra reported income of $3.8m and spending of $4.8m, spending 127% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.4m to $3.8m (-14%), an average of -3.6% a year. The sharpest change came in the year to June 2022, when income dropped by 15%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Silicon Andhra sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include United States Eventing Association ($3.8m), Forward Impact ($3.8m) and Otakorp Inc ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.1% and program service revenue 93% of the total. At year end it held assets of $6.4m against liabilities of $2.2m, net assets of $4.3m.