U-Turn Foundations Inc

Analysis

U-Turn Foundations Inc is a registered charity in United States, based in Fayetteville, NC. It received its IRS tax-exemption ruling in April 2016, 10 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, U-Turn Foundations Inc reported income of $288k and spending of $318k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $349k to $288k (-17%), an average of -4.7% a year. The sharpest change came in the year to December 2021, when income rose by 31%. Over the whole period it spent 102% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, U-Turn Foundations Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within NC. Charities of a similar size with the same main cause include Northwest Islamic Center Inc ($288k), Revival & Kingdom Ministries Inc ($288k) and Inner Voice Productions Inc ($288k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Other salaries and wages came to $155k. At year end it held assets of $45k against liabilities of $487, net assets of $45k. It reported 18 employees.