Turning Point Community Services

Analysis

Turning Point Community Services is a registered charity in United States, based in Irvington, NJ. It received its IRS tax-exemption ruling in October 2002, 24 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Turning Point Community Services reported income of $1.3m and spending of $1.2m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $720k to $1.3m (+84%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 30%. Over the whole period it spent 83% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Turning Point Community Services sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 85th percentile within NJ. Charities of a similar size with the same main cause include Independence Square RHF Housing Inc ($1.3m), Supportive Living Inc ($1.3m) and Westminster Senior Apartments of San Diego Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $143k (12% of expenses). Other salaries and wages came to $424k. At year end it held assets of $2.5m against liabilities of $908k, net assets of $1.6m. It reported 17 employees.