Marcana Enterprises Inc

Analysis

Marcana Enterprises Inc is a registered charity in United States, based in El Paso, TX. It received its IRS tax-exemption ruling in March 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Marcana Enterprises Inc reported income of $1.9m and spending of $2.0m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.2m to $1.9m (-14%), an average of -3.7% a year. The sharpest change came in the year to December 2020, when income rose by 30%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Marcana Enterprises Inc sits at the 81st percentile: it is larger than about 81% 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 Summit Christian School Inc ($1.9m), Accreditation and Workforce Innovations ($1.9m) and Friends of Equality Charter School Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $764k. At year end it held assets of $1.5m against liabilities of $235k, net assets of $1.3m. It reported 35 employees.