Friends of San Marcos Parks and Recreation

Analysis

Friends of San Marcos Parks and Recreation is a registered charity in United States, based in San Marcos, CA. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Friends of San Marcos Parks and Recreation reported income of $78k and spending of $76k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $180k to $78k (-57%), an average of -57% a year. The sharpest change came in the year to December 2023, when income dropped by 57%. Over the whole period it spent 103% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Friends of San Marcos Parks and Recreation sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 32nd percentile within CA. Charities of a similar size with the same main cause include Panthers Hockey Club ($78k), Pop Warner Little Scholars Inc ($78k) and Driftless United Athletics Inc ($78k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 68% of the total. At year end it held assets of $97k against liabilities of $0, net assets of $97k.