Operation Turbo Inc

Analysis

Operation Turbo Inc is a registered charity in United States, based in Hilton Head, SC. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Operation Turbo Inc reported income of $80k and spending of $60k, leaving 26% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $66k to $80k (+22%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Operation Turbo Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 37th percentile within SC. Charities of a similar size with the same main cause include Road Runners Club of America ($80k), Forest Grove Swim Club Inc ($80k) and East Troy Food Pantry Inc ($80k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $174k against liabilities of $0, net assets of $174k.