TG 304 Inc

Analysis

TG 304 Inc is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in June 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 304 Inc reported income of $430k and spending of $378k, spending 88% of its income. Across the 6 years on record, from June 2019 to December 2023, income grew from $369k to $430k (+17%), an average of +3.1% a year. The sharpest change came in the year to December 2022, when income rose by 101%. 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 304 Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 72nd percentile within TX. Charities of a similar size with the same main cause include Havenside Corporation ($430k), Promise Homes and Services Inc ($430k) and Franklin County Housing Advisory Corporation Inc ($430k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $48k. At year end it held assets of $919k against liabilities of $641k, net assets of $279k.