Turning Point Inc

Analysis

Turning Point Inc is a registered charity in United States, based in Paterson, NJ. It received its IRS tax-exemption ruling in February 1977, 49 years ago. 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 Point Inc reported income of $10.8m and spending of $11.3m, spending 105% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $11.1m to $10.8m (-2.6%), an average of -0.7% a year. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Turning Point 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 95th percentile, and in the 96th percentile within NJ. Charities of a similar size with the same main cause include The Fay School ($10.8m), Decro Corporation ($10.8m) and National Minority Quality Forum Inc ($10.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 22% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $640k (5.7% of expenses). Other salaries and wages came to $5.1m. At year end it held assets of $12.1m against liabilities of $2.0m, net assets of $10.1m. It reported 200 employees.