Centro Cultural Hispano de San Marcos

Analysis

Centro Cultural Hispano de San Marcos is a registered charity in United States, based in San Marcos, TX. It received its IRS tax-exemption ruling in September 2006, 20 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 December 2023, Centro Cultural Hispano de San Marcos reported income of $371k and spending of $367k, spending 99% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $177k to $371k (+109%), an average of +45% a year. The sharpest change came in the year to December 2023, when income rose by 264%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Centro Cultural Hispano de San Marcos sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 70th percentile within TX. Charities of a similar size with the same main cause include Foundation for Mexican Art and Culture ($371k), Shine on Performing Arts ($371k) and Artscentric Inc ($371k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 3.8% of the total. Compensation of current officers, directors and key employees was $80k (22% of expenses). At year end it held assets of $69k against liabilities of $1,238, net assets of $68k. It reported 4 employees.