Turnaround Incorporated

Analysis

Turnaround Incorporated is a registered charity in United States, based in Crane Hill, AL. It received its IRS tax-exemption ruling in April 2009, 17 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 September 2023, Turnaround Incorporated reported income of $672k and spending of $834k, spending 124% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $527k to $672k (+28%), an average of +6.3% a year. The sharpest change came in the year to September 2020, when income rose by 37%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Turnaround Incorporated sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within AL. Charities of a similar size with the same main cause include Seattle-King County Coalition on Homelessness ($672k), Chicago Friends of the Elderlyfoundation ($672k) and Club 21 Learning and Resource Center Inc ($672k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 27% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $48k (5.7% of expenses). Other salaries and wages came to $521k. At year end it held assets of $1.0m against liabilities of $7,634, net assets of $1.0m.