Silicon Valley Academy Project

Analysis

Silicon Valley Academy Project is a registered charity in United States, based in Sunnyvale, CA. It received its IRS tax-exemption ruling in October 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Silicon Valley Academy Project reported income of $2.5m and spending of $2.5m, spending 99% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.4m to $2.5m (+72%), an average of +11% a year. The sharpest change came in the year to June 2024, when income rose by 51%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Silicon Valley Academy Project sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Achievement Rewards for College Scients Foundation Inc ($2.5m), Impact Campus Ministries Inc ($2.5m) and Patty Hanks Shelton School of Nursing ($2.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 12% and program service revenue 88% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $1.6m against liabilities of $252k, net assets of $1.3m.