T F O C Incorporated

Analysis

T F O C Incorporated is a registered charity in United States, based in Conroe, TX. It received its IRS tax-exemption ruling in December 1990, 36 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2022, T F O C Incorporated reported income of $885k and spending of $717k, spending 81% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $602k to $885k (+47%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 43%. Over the whole period it spent 84% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, T F O C Incorporated sits at the 80th percentile: it is larger than about 80% 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 Social Action Center Inc ($884k), Huskies Hockey Club Inc ($885k) and Halpern-Oppenheimer Family Foundation Inc ($882k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 2.3% and program service revenue 89% of the total. Other salaries and wages came to $39k. At year end it held assets of $989k against liabilities of $4,155, net assets of $985k. It reported 1 employees.