TG 106 Inc

Analysis

TG 106 Inc is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in September 2001, 25 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 106 Inc reported income of $86k and spending of $56k, leaving 35% of income unspent that year. Across the 6 years on record, from June 2019 to December 2023, income fell from $1.4m to $86k (-94%), an average of -43% a year. The sharpest change came in the year to December 2022, when income rose by 363%. Over the whole period it spent 74% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, TG 106 Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 35th percentile within TX. Charities of a similar size with the same main cause include Goodwill Industries Debra Beebe Apartments Inc ($86k), Douglasville Voa Housing Inc ($86k) and NWC Corporation Hud 2 Inc ($86k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 105% of the total. At year end it held assets of $8.3m against liabilities of $85k, net assets of $8.2m.