Garcia Street Club Inc

Analysis

Garcia Street Club Inc is a registered charity in United States, based in Santa Fe, NM. It received its IRS tax-exemption ruling in December 1947, 79 years ago. 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 October 2023, Garcia Street Club Inc reported income of $799k and spending of $905k, spending 113% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income grew from $777k to $799k (+2.9%), an average of +0.7% a year. The sharpest change came in the year to October 2023, when income dropped by 29%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Garcia Street Club Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 75th percentile within NM. Charities of a similar size with the same main cause include Friends of Washoe County Library ($799k), Centennial Area Health Education Center ($799k) and Southside Survivor Response Center Inc ($799k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 10% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $87k (9.7% of expenses). Other salaries and wages came to $588k. At year end it held assets of $671k against liabilities of $34k, net assets of $637k. It reported 23 employees.