Silo Works

Analysis

Silo Works is a registered charity in United States, based in Nottingham, PA. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 July 2023, Silo Works reported income of $324k and spending of $303k, spending 93% of its income. Across the 4 years on record, from July 2020 to July 2023, income grew from $225k to $324k (+44%), an average of +13% a year. The sharpest change came in the year to July 2022, when income rose by 45%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Silo Works sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within PA. Charities of a similar size with the same main cause include Marthas Mission Cupboard Inc ($324k), Southeastern Cancer Care ($324k) and Flourish Homes Incorporated ($324k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $96k (32% of expenses). Other salaries and wages came to $43k. At year end it held assets of $224k against liabilities of $14k, net assets of $210k. It reported 3 employees.