TG 305 Inc

Analysis

TG 305 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 305 Inc reported income of $423k and spending of $473k, spending 112% of what it took in. Across the 6 years on record, from June 2019 to December 2023, income grew from $395k to $423k (+7.0%), an average of +1.4% a year. The sharpest change came in the year to December 2022, when income rose by 113%. Over the whole period it spent 106% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, TG 305 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 Bethel Area Housing South ($423k), Volunteers of America Inc ($423k) and Cushing Housing Inc ($423k).

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 $53k. At year end it held assets of $1.2m against liabilities of $1.3m, net assets of -$37k.

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.