Silicon Valley Creates

Analysis

Silicon Valley Creates is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in October 1983, 43 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Creates reported income of $4.1m and spending of $2.6m, leaving 36% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $4.1m (+115%), an average of +21% a year. The sharpest change came in the year to June 2020, when income rose by 67%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Silicon Valley Creates sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Andreas H Bechtler Arts Foundation ($4.1m), Ican Dream Center NFP ($4.1m) and Aurora Humanitarian Initiative Foundation Inc ($4.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 3.2% of the total. Compensation of current officers, directors and key employees was $233k (8.9% of expenses). Other salaries and wages came to $549k. At year end it held assets of $5.1m against liabilities of $610k, net assets of $4.5m. It reported 9 employees.