Turbo Charitable Foundation

Analysis

Turbo Charitable Foundation is a registered charity in United States, based in Rolling Hills, CA. It received its IRS tax-exemption ruling in October 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Turbo Charitable Foundation reported income of $408k and spending of $160k, leaving 61% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $298k to $408k (+37%), an average of +8.2% a year. The sharpest change came in the year to December 2021, when income rose by 59%. Over the whole period it spent 29% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Turbo Charitable Foundation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within CA. Charities of a similar size with the same main cause include Center for Continuing Education Inc ($408k), Roofers Local 149 - Southeastern Michigan Roofing Contractors ($408k) and Jump in Foundation Inc ($408k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. At year end it held assets of $1.8m against liabilities of $0, net assets of $1.8m.