The Huntsville Margarita Society

Analysis

The Huntsville Margarita Society is a registered charity in United States, based in Huntsville, AL. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, The Huntsville Margarita Society reported income of $257k and spending of $240k, spending 93% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $11k to $257k (+2198%), an average of +119% a year. The sharpest change came in the year to March 2022, when income rose by 391%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Huntsville Margarita Society sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 60th percentile within AL. Charities of a similar size with the same main cause include Andrew Ennabe Charitable Foundation ($257k), Queensbury Senior Citizens Inc ($257k) and Youth Empowerment Services Inc ($257k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 137% of the total. At year end it held assets of $68k against liabilities of $0, net assets of $68k.