Silos Community Service Inc

Analysis

Silos Community Service Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Silos Community Service Inc reported income of $304k and spending of $294k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $210k to $304k (+45%), an average of +9.7% a year. The sharpest change came in the year to December 2022, when income rose by 19%. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Silos Community Service Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within CA. Charities of a similar size with the same main cause include North Liberty Community Betterment Group ($304k), Ecia Business Growth Inc ($304k) and North Palm Beach County Jewish Community Campus Corporation ($304k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $38k (13% of expenses). Other salaries and wages came to $99k. At year end it held assets of $32k against liabilities of $0, net assets of $32k.