TG 104 Inc

Analysis

TG 104 Inc is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in November 2002, 24 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 104 Inc reported income of $712k and spending of $806k, spending 113% of what it took in. Across the 6 years on record, from June 2019 to December 2023, income grew from $630k to $712k (+13%), an average of +2.5% a year. The sharpest change came in the year to December 2022, when income rose by 104%. Over the whole period it spent 112% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, TG 104 Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within TX. Charities of a similar size with the same main cause include Consortium for Housing and Asset Management Inc ($712k), Palm Springs Senior Housing Inc ($712k) and Raleigh Area Land Trust ($712k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 94% of the total. Other salaries and wages came to $119k. At year end it held assets of $2.3m against liabilities of $412k, net assets of $1.9m.

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.