U-Turn

Analysis

U-Turn is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in April 1997, 29 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 June 2023, U-Turn reported income of $901k and spending of $1.4m, spending 159% of what it took in. Across the 5 years on record, from December 2019 to June 2023, income grew from $796k to $901k (+13%), an average of +3.2% a year. The sharpest change came in the year to June 2022, when income rose by 394%. Over the whole period it spent 111% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, U-Turn sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within VA. Charities of a similar size with the same main cause include Orangeburg Christian Academy Inc ($901k), Friends of Spero Academy II ($901k) and Rev Tarrant County ($901k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.9% and program service revenue 72% of the total. Other salaries and wages came to $511k. At year end it held assets of $4.5m against liabilities of $912k, net assets of $3.6m. It reported 42 employees.