Turnaround Ministries Inc

Analysis

Turnaround Ministries Inc is a registered charity in United States, based in Acworth, GA. It received its IRS tax-exemption ruling in January 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 August 2023, Turnaround Ministries Inc reported income of $287k and spending of $301k, spending 105% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $190k to $287k (+51%), an average of +11% a year. The sharpest change came in the year to August 2022, when income rose by 59%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Turnaround Ministries Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 65th percentile within GA. Charities of a similar size with the same main cause include Through Our Eyes Inc ($287k), Northwoods Pregnancy Care Center ($287k) and Beacon of Hope Inc ($287k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $900k against liabilities of $30, net assets of $900k.