Turning Point Ministries Inc

Analysis

Turning Point Ministries Inc is a registered charity in United States, based in Edmond, OK. It received its IRS tax-exemption ruling in September 2008, 18 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Turning Point Ministries Inc reported income of $1.6m and spending of $1.3m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $374k to $1.6m (+331%), an average of +44% a year. The sharpest change came in the year to December 2023, when income rose by 278%. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Turning Point Ministries Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within OK. Charities of a similar size with the same main cause include Loveland Housing Development Corporation ($1.6m), JFS Housing Inc ($1.6m) and Life House Womens Shelter ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 54% of the total. Other salaries and wages came to $111k. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m. It reported 4 employees.