Turnaround Resource Center Inc

Analysis

Turnaround Resource Center Inc is a registered charity in United States, based in Lebanon JCT, KY. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover food, agriculture and nutrition, 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 December 2023, Turnaround Resource Center Inc reported income of $2.0m and spending of $2.1m, spending 102% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $280k to $2.0m (+624%), an average of +94% a year. The sharpest change came in the year to December 2023, when income rose by 488%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Turnaround Resource Center 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 KY. Charities of a similar size with the same main cause include Bikur Cholim Staten Island Inc ($2.0m), Child Safe Michigan ($2.0m) and New Mexico Asian Family Center ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $26k (1.3% of expenses). At year end it held assets of $339k against liabilities of $0, net assets of $339k. It reported 1 employees.