Greater San Marcos Area Seniors Association Inc

Analysis

Greater San Marcos Area Seniors Association Inc is a registered charity in United States, based in San Marcos, TX. It received its IRS tax-exemption ruling in August 1996, 30 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, Greater San Marcos Area Seniors Association Inc reported income of $236k and spending of $177k, leaving 25% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $202k to $236k (+17%), an average of +8.0% a year. The sharpest change came in the year to December 2023, when income rose by 53%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Greater San Marcos Area Seniors Association Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 61st percentile within TX. Charities of a similar size with the same main cause include Conway Public Schools Foundation Inc ($236k), Kalamazoo Alternative Housing Inc ($236k) and Snooze Compass Foundation ($236k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 20% of the total. Other salaries and wages came to $92k. At year end it held assets of $613k against liabilities of $3,539, net assets of $610k. It reported 1 employees.