Silicon Valley Independent Living Center

Analysis

Silicon Valley Independent Living Center is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in June 1977, 49 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 June 2023, Silicon Valley Independent Living Center reported income of $3.0m and spending of $2.5m, spending 82% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.1m to $3.0m (+46%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 37%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Silicon Valley Independent Living Center sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Just Roots Inc ($3.0m), Redlands Day Nursery ($3.0m) and Oklahomas Action Rehabilitation ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 6.5% of the total. Compensation of current officers, directors and key employees was $256k (10% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $3.6m against liabilities of $133k, net assets of $3.5m. It reported 32 employees.