Overview
What is Tsq Inc?
Tsq Inc, based in Kew Gardens, New York, serves as a philanthropic organization within the local community. Its primary goal is to amass contributions from various sources and allocate these funds towards procuring essential items, such as food, for families in need within their vicinity. By carrying out this mission, Tsq Inc aims to alleviate hardships and provide basic necessities to those who are economically disadvantaged.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 80%, Three-Star out of Four Star rating.
Tsq Inc demonstrates a solid performance in terms of accountability and finance, achieving an 80% score. This rating indicates that the organization is well-managed financially, with a program expense ratio of 92.91%, meaning a high percentage of its expenses are directed towards its mission-related activities. The organization also boasts a strong fundraising efficiency, with only $0.01 spent to raise a dollar, showcasing effective resource allocation.
The board of directors is fully independent, which enhances governance and oversight, and there are no reported issues concerning the diversion of assets or loans to/from officers. Additionally, the organization enjoys a remarkable working capital ratio of 12.17 years, indicating a stable financial position that should sustain its operations over the long term.
While the overall rating is positive, it is based solely on the accountability and finance beacon, with no additional performance metrics from other areas such as program impact or community feedback considered. This suggests that while financial health is strong, potential donors and stakeholders may want to explore how effectively the organization achieves its mission beyond financial metrics.
This AI summary has been generated from information found on Charity Navigator.
Is Tsq Inc legitimate?
Tsq Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tsq Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Tsq Inc?
Tsq Inc, as an organization, is committed to assisting families in need within its community. Its primary mission is to collect funds from the local community and utilize these resources to procure essential items such as food and other basic necessities. Subsequently, these items are distributed to those in need within the area, thereby addressing their basic requirements. In essence, Tsq Inc aims to alleviate hardships faced by families in their community by providing them with essential provisions.
Who is the CEO of Tsq Inc?
Isaac Katz is the Executive Dir. of Tsq Inc.
What is the revenue of Tsq Inc?
Tsq Inc's revenue in 2022 was $2,023,020.
Who are the executives of Tsq Inc and what are their salaries?
There 175 volunteers at Tsq Inc.
Here are 5 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Tsq Inc?
Tsq Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Tsq Inc
Tsq Inc, a nonprofit organization, is dedicated to assisting families in need within its community. Its primary mission is to alleviate hardships by providing essential food items and other basic necessities. To achieve this, Tsq Inc relies on community contributions, which are then utilized to procure and distribute these resources to the less fortunate families in the area. The organization's purpose is to serve as a beacon of hope and support, offering much-needed assistance to those who are struggling. By doing so, Tsq Inc plays a crucial role in improving the lives of its community members and contributing to a more equitable society.
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Impact
July, 2024
Tsq Inc's impact is directly focused on helping needy families in their area with food and other basic needs. They collect contributions from the community and use the funds to purchase essential items, which are then distributed to those in need. By providing vital support to disadvantaged families in Kew Gardens, NY, Tsq Inc plays a crucial role in alleviating hunger and addressing immediate needs within their community.
This information is meant to be a general summary of Tsq Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $191,475
- Gross Receipts: $2,023,020
Assets and Liabilities:
- Total Assets: $11,747,231
- Total Liabilities: $16,522
- Net Assets: $11,730,709
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Organization Details
Founding Year
1984
Phone
(718) 850-8070Principal Officer
Isaac Katz
Main Address
129-01 METROPOLITAN AVE, KEW GARDENS, NY, 11415
NTEE Category
Code: K31 - Food
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