Tvec Charitable Foundation

Analysis

Tvec Charitable Foundation is a registered charity in United States, based in Kaufman, TX. It received its IRS tax-exemption ruling in February 2013, 13 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Tvec Charitable Foundation reported income of $446k and spending of $489k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $374k to $446k (+19%), an average of +4.5% a year. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Tvec Charitable Foundation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 73rd percentile within TX. Charities of a similar size with the same main cause include Greater Good International ($446k), Respite Care Atlanta Inc ($446k) and Trinity Pines Retirement Center Inc ($446k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $114k against liabilities of $7,500, net assets of $106k.