Turning Around Ministries Inc

Analysis

Turning Around Ministries Inc is a registered charity in United States, based in Newport, RI. It received its IRS tax-exemption ruling in December 2007, 19 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. 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 2024, Turning Around Ministries Inc reported income of $177k and spending of $150k, spending 84% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $84k to $177k (+112%), an average of +21% a year. The sharpest change came in the year to June 2023, when income rose by 114%. Over the whole period it spent 87% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Turning Around Ministries Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 48th percentile within RI. Charities of a similar size with the same main cause include Franklin County Sheriffs Office Charitable Fund Inc ($177k), Human Rights Coalition ($178k) and Volunteers in Policing ($177k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 94% and program service revenue 6.4% of the total. Other salaries and wages came to $58k. At year end it held assets of $87k against liabilities of $2,304, net assets of $85k. It reported 6 employees.