Turn Center Foundation Inc

Analysis

Turn Center Foundation Inc is a registered charity in United States, based in Amarillo, TX. It received its IRS tax-exemption ruling in April 1986, 40 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 December 2023, Turn Center Foundation Inc reported income of $560k and spending of $619k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.3m to $560k (-76%), an average of -30% a year. The sharpest change came in the year to December 2021, when income dropped by 60%. Over the whole period it spent 59% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Turn Center Foundation Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within TX. Charities of a similar size with the same main cause include Senior Citizens Housing Development Corporation of Ville Platte ($560k), Sacramento Chinese of Indochina Friendship ($560k) and PS 87 Pa Inc ($560k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.2% of the total. At year end it held assets of $8.4m against liabilities of $698k, net assets of $7.7m.