Villa Garcia Inc

Analysis

Villa Garcia Inc is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in March 1994, 32 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 December 2023, Villa Garcia Inc reported income of $702k and spending of $906k, spending 129% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $162k to $702k (+334%), an average of +44% a year. The sharpest change came in the year to December 2023, when income rose by 416%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Villa Garcia Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include Connelly Dream Center ($702k), Progress Michigan Education ($702k) and California State Games ($701k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 52% of the total. At year end it held assets of $62.2m against liabilities of $52.8m, net assets of $9.4m.