Turnaround Tuesday Inc

Analysis

Turnaround Tuesday Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in August 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Turnaround Tuesday Inc reported income of $3.4m and spending of $1.6m, leaving 51% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $399k to $3.4m (+748%), an average of +104% a year. The sharpest change came in the year to December 2023, when income rose by 230%. Over the whole period it spent 75% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Turnaround Tuesday Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MD. Charities of a similar size with the same main cause include Saving Innocence Inc ($3.4m), Empowering Youth Inc ($3.4m) and Ride Connection Bridge ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $182k (11% of expenses). Other salaries and wages came to $656k. At year end it held assets of $1.6m against liabilities of $140k, net assets of $1.4m. It reported 19 employees.