Life Turning Point of Philadelphia

Analysis

Life Turning Point of Philadelphia is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Life Turning Point of Philadelphia reported income of $389k and spending of $298k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $429k to $389k (-9.1%), an average of -9.1% a year. Over the whole period it spent 72% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Life Turning Point of Philadelphia sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 64th percentile within PA. Charities of a similar size with the same main cause include Mission of Hope International Inc ($389k), Occupaws Guide Dog Association ($389k) and Valley Kids Foundation Inc ($389k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $147k (50% of expenses). At year end it held assets of $254k against liabilities of $4,130, net assets of $249k.