Turbo Gives Inc

Analysis

Turbo Gives Inc is a registered charity in United States, based in Chandler, AZ. It received its IRS tax-exemption ruling in February 2019, 7 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 December 2023, Turbo Gives Inc reported income of $172k and spending of $109k, leaving 36% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $101k to $172k (+70%), an average of +70% a year. The sharpest change came in the year to December 2023, when income rose by 70%. Over the whole period it spent 65% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Turbo Gives Inc 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 50th percentile, and in the 48th percentile within AZ. Charities of a similar size with the same main cause include Secret Smiles of Dayton Inc ($172k), Oasis Community Inc ($172k) and Toby House VI Inc ($171k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. At year end it held assets of $86k against liabilities of $0, net assets of $86k.