San Miguel Educational Fund

Analysis

San Miguel Educational Fund is a registered charity in United States, based in Telluride, CO. It received its IRS tax-exemption ruling in November 1973, 53 years ago. 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 December 2023, San Miguel Educational Fund reported income of $850k and spending of $653k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $589k to $850k (+44%), an average of +9.6% a year. The sharpest change came in the year to December 2021, when income rose by 66%. Over the whole period it spent 67% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, San Miguel Educational Fund sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within CO. Charities of a similar size with the same main cause include Texas Express Basketball Club Inc ($850k), Allegheny Council to Improve Our Neighborhoods-Housing Incorporated ($850k) and The Leon Hammer Legacy Foundation Inc ($849k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. Other salaries and wages came to $295k. At year end it held assets of $2.0m against liabilities of $77k, net assets of $1.9m. It reported 6 employees.