Silicon Slopes

Analysis

Silicon Slopes is a registered charity in United States, based in Lehi, UT. It received its IRS tax-exemption ruling in July 2017, 9 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 December 2023, Silicon Slopes reported income of $6.1m and spending of $6.0m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.4m to $6.1m (+13%), an average of +3.2% a year. The sharpest change came in the year to December 2021, when income rose by 46%. Over the whole period it spent 110% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Silicon Slopes sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within UT. Charities of a similar size with the same main cause include Cal Maritime Corporation ($6.1m), Lsu Real Estate and Facilities Foundation ($6.1m) and Virgin Islands Montessori School Inc ($6.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $484k (8.1% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $1.7m against liabilities of $1.9m, net assets of -$205k. It reported 31 employees.