Silicon Valley Vaulting Club

Analysis

Silicon Valley Vaulting Club is a registered charity in United States, based in Los Gatos, CA. It received its IRS tax-exemption ruling in November 2018, 8 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 December 2023, Silicon Valley Vaulting Club reported income of $57k and spending of $69k, spending 120% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $64k to $57k (-11%), an average of -11% a year. Over the whole period it spent 109% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Silicon Valley Vaulting Club sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within CA. Charities of a similar size with the same main cause include Columbia-Windham Soccer Alliance Inc ($57k), Alvin Recreational League Inc ($57k) and Freedom Football Club Incorporated ($57k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 33% of the total. At year end it held assets of $14k against liabilities of $0, net assets of $14k.