TGB Foundation Inc

Analysis

TGB Foundation Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in November 2022, 4 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, TGB Foundation Inc reported income of $85k and spending of $15k, leaving 82% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $118k to $85k (-28%), an average of -15% a year. The sharpest change came in the year to December 2022, when income dropped by 35%. Over the whole period it spent 36% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, TGB Foundation Inc sits at the 29th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 34th percentile within GA. Charities of a similar size with the same main cause include Harbor Springs Community Food Pantry ($85k), John Shapiro Superheroes Foundation ($85k) and Oyster River Womenade ($85k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 78% of the total. At year end it held assets of $184k against liabilities of $0, net assets of $184k.