TG 302 Inc

Analysis

TG 302 Inc is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in February 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 302 Inc reported income of $588k and spending of $466k, leaving 21% of income unspent that year. Across the 6 years on record, from June 2019 to December 2023, income grew from $541k to $588k (+8.7%), an average of +1.7% a year. The sharpest change came in the year to December 2022, when income rose by 114%. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, TG 302 Inc sits at the 61st percentile: it is larger than about 61% 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 Ebc Housing Corporation ($588k), Meadow Park Senior Housing Association ($588k) and Housing Resource Center Inc ($588k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 100% of the total. Other salaries and wages came to $66k. At year end it held assets of $1.7m against liabilities of $494k, net assets of $1.2m.