TFG Charitable Supply & Foundation

Analysis

TFG Charitable Supply & Foundation is a registered charity in United States, based in N Richlnd HLS, TX. It received its IRS tax-exemption ruling in May 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 December 2023, TFG Charitable Supply & Foundation reported income of $59k and spending of $61k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $125k to $59k (-53%), an average of -53% a year. The sharpest change came in the year to December 2023, when income dropped by 53%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, TFG Charitable Supply & Foundation sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 24th percentile within TX. Charities of a similar size with the same main cause include Goliathon a NJ Nonprofit ($59k), Dream Builders of Chesterfield Inc ($59k) and Ukiah Valley Christmas Effort ($59k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $7,511 against liabilities of $21k, net assets of -$14k.