Turning Point Center

Analysis

Turning Point Center is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in June 2023, 3 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 September 2023, Turning Point Center reported income of $282k and spending of $346k, spending 123% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $369k to $282k (-24%), an average of -6.5% a year. The sharpest change came in the year to September 2023, when income dropped by 15%. Over the whole period it spent 89% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Turning Point Center sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 65th percentile within TX. Charities of a similar size with the same main cause include Aster Inc ($282k), Homesharing Program of Somerset County Inc ($282k) and Housing Opportunities Housing Development Fund Corporation ($282k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 48% and program service revenue 48% of the total. Other salaries and wages came to $33k. At year end it held assets of $2.1m against liabilities of $361k, net assets of $1.7m. It reported 2 employees.