Turnaround Ministry Inc

Analysis

Turnaround Ministry Inc is a registered charity in United States, based in Big Spring, TX. It received its IRS tax-exemption ruling in April 2010, 16 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 December 2023, Turnaround Ministry Inc reported income of $53k and spending of $51k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $66k to $53k (-19%), an average of -5.2% a year. The sharpest change came in the year to December 2020, when income dropped by 21%. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Turnaround Ministry Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 21st percentile within TX. Charities of a similar size with the same main cause include Christian Life Center Inc ($53k), Dominion Institute Inc ($53k) and Long Island Metro Retrouvaille ($53k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $3,308 against liabilities of $0, net assets of $3,308.