Turning Point Inc

Analysis

Turning Point Inc is a registered charity in United States, based in Mount Clemens, MI. It received its IRS tax-exemption ruling in June 1980, 46 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, Turning Point Inc reported income of $6.0m and spending of $6.4m, spending 106% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.8m to $6.0m (+59%), an average of +12% a year. The sharpest change came in the year to September 2021, when income rose by 37%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Turning Point 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 93rd percentile, and in the 93rd percentile within MI. Charities of a similar size with the same main cause include Creative Enterprises Inc ($6.0m), Ircs Center for Economic Opportunity Inc ($6.0m) and Hi-Hope Service Center Inc ($6.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 32% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $133k (2.1% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $6.0m against liabilities of $1.4m, net assets of $4.6m. It reported 115 employees.