Turning Point of South Carolina Inc

Analysis

Turning Point of South Carolina Inc is a registered charity in United States, based in Greenville, SC. It received its IRS tax-exemption ruling in February 2004, 22 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Turning Point of South Carolina Inc reported income of $2.6m and spending of $2.3m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $2.6m (+41%), an average of +9.0% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Turning Point of South Carolina Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within SC. Charities of a similar size with the same main cause include Rural Neighborhoods Incorporated ($2.6m), Orchard AFC Home ($2.6m) and Four Directions Development Corporation ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $160k (6.9% of expenses). Other salaries and wages came to $894k. At year end it held assets of $3.3m against liabilities of $1.5m, net assets of $1.8m. It reported 28 employees.