Dr Hector P Garcia Memorial Foundation

Analysis

Dr Hector P Garcia Memorial Foundation is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in September 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Dr Hector P Garcia Memorial Foundation reported income of $100k and spending of $129k, spending 128% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $127k to $100k (-21%), an average of -21% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Dr Hector P Garcia Memorial Foundation sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 39th percentile within TX. Charities of a similar size with the same main cause include Nuevas Fronteras Spanish Immerson Parent Teacher Student Organizatio ($100k), Hope in Christ - Haiti Outreach ($100k) and CRC Foundation Inc ($100k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $38k against liabilities of $0, net assets of $38k.