Village of San Marcos Inc

Analysis

Village of San Marcos Inc is a registered charity in United States, based in San Marcos, TX. It received its IRS tax-exemption ruling in March 2004, 22 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Village of San Marcos Inc reported income of $253k and spending of $444k, spending 175% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $243k to $253k (+4.1%), an average of +1.0% a year. Over the whole period it spent 180% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Village of San Marcos Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 63rd percentile within TX. Charities of a similar size with the same main cause include Project Success of Eastern Bureau County Inc ($253k), Roofers Joint Apprenticeship Comm ($253k) and Main Street Greenwood Incorporated ($253k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.7% and program service revenue 97% of the total. At year end it held assets of $5.1m against liabilities of $1.6m, net assets of $3.4m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.