Turning Point Endowment Inc

Analysis

Turning Point Endowment Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in February 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Turning Point Endowment Inc reported income of $2.0m and spending of $499k, leaving 75% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $7.0m to $2.0m (-72%), an average of -27% a year. The sharpest change came in the year to June 2020, when income rose by 137%. Over the whole period it spent 5.1% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Turning Point Endowment Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within IN. Charities of a similar size with the same main cause include New Path Couples Therapy Inc ($2.0m), The Re Uzit Shop of New Holland Inc ($2.0m) and Whosoever Gospel Mission and Res Cue Home Asso of Germantown ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.5% of the total. At year end it held assets of $61.0m against liabilities of $35k, net assets of $61.0m.