TMG Foundation

Analysis

TMG Foundation is a registered charity in United States, based in Gridley, IL. It received its IRS tax-exemption ruling in August 2003, 23 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, TMG Foundation reported income of $642k and spending of $654k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.4m to $642k (-53%), an average of -17% a year. The sharpest change came in the year to December 2020, when income rose by 78%. Over the whole period it spent 32% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, TMG Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within IL. Charities of a similar size with the same main cause include Peoria School District 150 Foundation ($642k), The Pedro J Martinez and Brothers Foundation ($642k) and WG and JB Manson Charitable Trust ($641k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 5.9% of the total. At year end it held assets of $10.0m against liabilities of $921k, net assets of $9.1m.