Tachs Property Development

Analysis

Tachs Property Development is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in April 1996, 30 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Tachs Property Development reported income of $212k and spending of $249k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $172k to $212k (+23%), an average of +5.3% a year. The sharpest change came in the year to December 2022, when income rose by 108%. Over the whole period it spent 104% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Tachs Property Development sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 57th percentile within CA. Charities of a similar size with the same main cause include Lutheran Gardens Apartments Inc ($212k), The Ginger Ford-Northshore Fuller Center for Housing Inc ($212k) and Cloville Homes Inc ($212k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 31% of the total. Other salaries and wages came to $35k. At year end it held assets of $2.0m against liabilities of $2.7m, net assets of -$625k. It reported 2 employees.