Turn 2 Foundation Inc

Analysis

Turn 2 Foundation Inc is a registered charity in United States, based in Independence, OH. It received its IRS tax-exemption ruling in July 1997, 29 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Turn 2 Foundation Inc reported income of $4.2m and spending of $2.6m, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $4.2m (+131%), an average of +23% a year. The sharpest change came in the year to December 2021, when income rose by 302%. Over the whole period it spent 133% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Turn 2 Foundation Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within OH. Charities of a similar size with the same main cause include North Texas Area United Way Inc ($4.2m), Hebron Fund Inc ($4.2m) and Community Foundation of South Puget Sound ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. Compensation of current officers, directors and key employees was $110k (4.2% of expenses). Other salaries and wages came to $401k. At year end it held assets of $1.5m against liabilities of $320k, net assets of $1.2m. It reported 8 employees.