Turning Point Community Development Corporation

Analysis

Turning Point Community Development Corporation is a registered charity in United States, based in Henderson, NC. It received its IRS tax-exemption ruling in January 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Turning Point Community Development Corporation reported income of $495k and spending of $296k, leaving 40% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $188k to $495k (+163%), an average of +38% a year. The sharpest change came in the year to December 2021, when income rose by 186%. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Turning Point Community Development Corporation sits at the 65th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within NC. Charities of a similar size with the same main cause include Marys Mantle ($495k), Trinity Child Development Center ($495k) and Empower Tennessee ($495k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 75% of the total. Other salaries and wages came to $94k. At year end it held assets of $415k against liabilities of $3,498, net assets of $412k. It reported 43 employees.