Turning Point Church of Bay City TX

Analysis

Turning Point Church of Bay City TX is a registered charity in United States, based in Bay City, TX. It received its IRS tax-exemption ruling in May 2017, 9 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Turning Point Church of Bay City TX reported income of $173k and spending of $175k, spending 101% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $89k to $173k (+95%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 49%. Over the whole period it spent 106% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Turning Point Church of Bay City TX sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 54th percentile within TX. Charities of a similar size with the same main cause include Sowers Ministry Inc ($173k), Unashamed Truth Ministries ($173k) and Orr Family Ministries ($173k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $16k (9.0% of expenses). Other salaries and wages came to $10k. At year end it held assets of $303k against liabilities of $0, net assets of $303k.

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.