California State University San Marcos Corporation

Analysis

California State University San Marcos Corporation is a registered charity in United States, based in San Marcos, CA. It received its IRS tax-exemption ruling in March 1991, 35 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, California State University San Marcos Corporation reported income of $28.3m and spending of $26.8m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $25.1m to $28.3m (+13%), an average of +3.1% a year. The sharpest change came in the year to June 2022, when income rose by 51%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, California State University San Marcos Corporation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CA. Charities of a similar size with the same main cause include Kipp Indianapolis Inc ($28.3m), Cazenovia College ($28.3m) and Savannah Country Day School Inc ($28.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 54% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $249k (0.9% of expenses). Other salaries and wages came to $8.4m. At year end it held assets of $139.1m against liabilities of $119.4m, net assets of $19.7m. It reported 719 employees.