Turnaround Life

Analysis

Turnaround Life is a registered charity in United States, based in Palm Harbor, FL. It received its IRS tax-exemption ruling in September 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, Turnaround Life reported income of $188k and spending of $214k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $323k to $188k (-42%), an average of -13% a year. The sharpest change came in the year to December 2021, when income dropped by 34%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Turnaround Life sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within FL. Charities of a similar size with the same main cause include Good City Mentors ($188k), The West Texas Jazz Society Inc ($188k) and Golden Gate Mens Chorus Aka Dick Kramer Gay Mens Chorale ($188k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $173k against liabilities of $0, net assets of $173k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.