Turning Point Center of Chittenden County Inc

Analysis

Turning Point Center of Chittenden County Inc is a registered charity in United States, based in Burlington, VT. It received its IRS tax-exemption ruling in December 2002, 24 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Turning Point Center of Chittenden County Inc reported income of $955k and spending of $832k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $805k to $955k (+19%), an average of +4.4% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 90% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Turning Point Center of Chittenden County Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 76th percentile within VT. Charities of a similar size with the same main cause include FC Peoria ($955k), Chino Hills Area Water Polo ($955k) and Iola Old Car Show Inc ($954k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $79k (9.4% of expenses). Other salaries and wages came to $498k. At year end it held assets of $1.9m against liabilities of $662k, net assets of $1.2m. It reported 27 employees.