Turning Point Brooklyn Inc

Analysis

Turning Point Brooklyn Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in August 1993, 33 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 June 2022, Turning Point Brooklyn Inc reported income of $2.4m and spending of $2.2m, spending 94% of its income. Across the 4 years on record, from June 2019 to June 2022, income grew from $1.9m to $2.4m (+25%), an average of +7.7% a year. The sharpest change came in the year to June 2021, when income rose by 36%. Over the whole period it spent 102% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Turning Point Brooklyn Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Divine Truth Unity Fellowship Church ($2.3m), The Hall of Tyrannus Mission ($2.4m) and Alongside Inc ($2.3m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 19% and program service revenue 80% of the total. Other salaries and wages came to $969k. At year end it held assets of $2.8m against liabilities of $3.6m, net assets of -$786k. It reported 86 employees.