Turley Foundation Inc

Analysis

Turley Foundation Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in April 1994, 32 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2023, Turley Foundation Inc reported income of $1.9m and spending of $624k, leaving 68% of income unspent that year. Across the 5 years on record, from April 2019 to April 2023, income fell from $2.2m to $1.9m (-11%), an average of -2.9% a year. The sharpest change came in the year to April 2022, when income rose by 254%. Over the whole period it spent 37% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Turley Foundation Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within TN. Charities of a similar size with the same main cause include Veterans Guest House Inc ($1.9m), Covenant College Foundation Inc ($1.9m) and Servants of Christ International Inc ($1.9m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $44.6m against liabilities of $975, net assets of $44.6m.