Turning Point Center for Youth & Family Development Inc

Analysis

Turning Point Center for Youth & Family Development Inc is a registered charity in United States, based in Fort Collins, CO. It received its IRS tax-exemption ruling in August 1989, 37 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Turning Point Center for Youth & Family Development Inc reported income of $1.1m and spending of $1.5m, spending 138% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.7m to $1.1m (-70%), an average of -26% a year. The sharpest change came in the year to June 2023, when income dropped by 53%. 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, Turning Point Center for Youth & Family Development Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within CO. Charities of a similar size with the same main cause include Amethyst Housing Development Fund Company Inc ($1.1m), St Ambrose Manor Incorporated ($1.1m) and Strategic Solutions for Families Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 38% and program service revenue 8.1% of the total. Compensation of current officers, directors and key employees was $131k (8.8% of expenses). Other salaries and wages came to $812k. At year end it held assets of $569k against liabilities of $990k, net assets of -$421k. It reported 83 employees.

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.