T G 108 Inc

Analysis

T G 108 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, T G 108 Inc reported income of $905k and spending of $998k, spending 110% of what it took in. Across the 6 years on record, from June 2019 to December 2023, income grew from $819k to $905k (+11%), an average of +2.0% a year. The sharpest change came in the year to December 2022, when income rose by 106%. Over the whole period it spent 114% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, T G 108 Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within TX. Charities of a similar size with the same main cause include Safe Entry Inc ($904k), Iladd ($906k) and Burlington Homes Inc ($903k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. Other salaries and wages came to $186k. At year end it held assets of $3.2m against liabilities of $1.1m, net assets of $2.1m.

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.