TG 306 Inc

Analysis

TG 306 Inc is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in January 2003, 23 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, TG 306 Inc reported income of $609k and spending of $675k, spending 111% of what it took in. Across the 6 years on record, from June 2019 to December 2023, income grew from $349k to $609k (+75%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 110%. Over the whole period it spent 125% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, TG 306 Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within TX. Charities of a similar size with the same main cause include Mhany Stella Heights Housing Development Fund Corporation ($609k), Center Park II Inc ($610k) and Bob Tavani House for Medical Respite ($609k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $6,587 (1.0% of expenses). Other salaries and wages came to $79k. At year end it held assets of $3.3m against liabilities of $3.4m, net assets of -$35k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.