Heritage Association of San Marcos Inc

Analysis

Heritage Association of San Marcos Inc is a registered charity in United States, based in San Marcos, TX. It received its IRS tax-exemption ruling in October 1975, 51 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Heritage Association of San Marcos Inc reported income of $61k and spending of $35k, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $46k to $61k (+32%), an average of +7.3% a year. The sharpest change came in the year to December 2022, when income rose by 126%. Over the whole period it spent 74% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Heritage Association of San Marcos Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 25th percentile within TX. Charities of a similar size with the same main cause include Teen Arts America Inc ($61k), Florida Publishers Association Inc ($61k) and International Listening Association ($61k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 75% of the total. At year end it held assets of $190k against liabilities of $0, net assets of $190k.