Tenacious Group Inc

Analysis

Tenacious Group Inc is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in November 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending November 2023, Tenacious Group Inc reported income of $192k and spending of $187k, spending 98% of its income. Across the 4 years on record, from November 2020 to November 2023, income fell from $212k to $192k (-9.5%), an average of -3.3% a year. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Tenacious Group Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 55th percentile within CA. Charities of a similar size with the same main cause include Family Promise of Coastal Alabama Inc ($192k), Brooklyn Food Pantry ($192k) and Project Ujima Inc ($192k).

On its Form 990-EZ for the period ending November 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $4,476 against liabilities of $0, net assets of $4,476.