San Miguel Community Foundation

Analysis

San Miguel Community Foundation is a registered charity in United States, based in Laredo, TX. It received its IRS tax-exemption ruling in August 1976, 50 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, San Miguel Community Foundation reported income of $1.9m and spending of $870k, leaving 54% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.9m (+69%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 228%. Over the whole period it spent 52% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, San Miguel Community Foundation sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include Amity Society of Freeport Inc ($1.9m), Economic Mobility Corporation ($1.9m) and Fountain of Hope Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% of the total. Other salaries and wages came to $22k. At year end it held assets of $8.3m against liabilities of $0, net assets of $8.3m.