Turnip Green Creative Reuse

Analysis

Turnip Green Creative Reuse is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in August 2015, 11 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Turnip Green Creative Reuse reported income of $997k and spending of $1.2m, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $610k to $997k (+63%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 85%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Turnip Green Creative Reuse sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within TN. Charities of a similar size with the same main cause include Smarthistory Inc ($997k), Diavolo Dance Theatre ($997k) and Lexington Historical Society ($997k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $61k (5.1% of expenses). Other salaries and wages came to $548k. At year end it held assets of $750k against liabilities of $33k, net assets of $717k. It reported 26 employees.