TGP Gives Inc

Analysis

TGP Gives Inc is a registered charity in United States, based in Frederick, MD. 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 December 2023, TGP Gives Inc reported income of $110k and spending of $85k, leaving 23% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $58k to $110k (+90%), an average of +90% a year. The sharpest change came in the year to December 2023, when income rose by 90%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, TGP Gives Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 40th percentile within MD. Charities of a similar size with the same main cause include All Good Living Foundation Inc ($110k), Stir-N-Up Hope Inc ($110k) and Gridiron Heroes Spinal Cord Injury Organization ($110k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 63% of the total. At year end it held assets of $57k against liabilities of $0, net assets of $57k.