Turning Point Inc

Analysis

Turning Point Inc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in December 1975, 51 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 2022, Turning Point Inc reported income of $2.9m and spending of $3.4m, spending 117% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $3.4m to $2.9m (-15%), an average of -5.2% a year. The sharpest change came in the year to December 2021, when income rose by 27%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Turning Point Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MN. Charities of a similar size with the same main cause include Life Center Inc ($2.9m), Helping Hands Health Clinic Inc ($2.9m) and Community Health Centers of Arkansas Inc ($2.9m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 16% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $282k (8.3% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $1.3m against liabilities of $1.2m, net assets of $151k. It reported 60 employees.