Turning Point Soc

Analysis

Turning Point Soc is a registered charity in United States, based in Kokomo, IN. It received its IRS tax-exemption ruling in September 2018, 8 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, Turning Point Soc reported income of $4.0m and spending of $4.4m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $235k to $4.0m (+1623%), an average of +104% a year. The sharpest change came in the year to December 2021, when income rose by 951%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Turning Point Soc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within IN. Charities of a similar size with the same main cause include The Arc of Greater Boone County Inc ($4.0m), Association on Higher Education and Disability ($4.0m) and Mothers Refuge ($4.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 23% of the total. Other salaries and wages came to $2.6m. At year end it held assets of $3.6m against liabilities of $146k, net assets of $3.4m. It reported 89 employees.