TCG Groceries

Analysis

TCG Groceries is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in September 2022, 4 years ago. Its declared purposes cover food, agriculture and nutrition, 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, TCG Groceries reported income of $595k and spending of $127k, leaving 79% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $101k to $595k (+489%), an average of +489% a year. The sharpest change came in the year to December 2023, when income rose by 489%. Over the whole period it spent 22% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, TCG Groceries sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within PA. Charities of a similar size with the same main cause include Anoka Community Mission Inc ($595k), Beaver Street Enterprise Center Inc ($595k) and Ella Baker Institute Inc ($595k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 8.4% of the total. Compensation of current officers, directors and key employees was $24k (19% of expenses). Other salaries and wages came to $31k. At year end it held assets of $626k against liabilities of $618, net assets of $625k. It reported 2 employees.