Turtles Nest Elc Inc

Analysis

Turtles Nest Elc Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Turtles Nest Elc Inc reported income of $765k and spending of $1.0m, spending 133% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $377k to $765k (+103%), an average of +27% a year. The sharpest change came in the year to December 2021, when income rose by 173%. Over the whole period it spent 132% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Turtles Nest Elc Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within FL. Charities of a similar size with the same main cause include Virginia Technical Institute ($765k), Scranton Road Ministries Community Development Corporation ($766k) and Center for the Development of Children Inc ($765k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $502k. At year end it held assets of -$532k against liabilities of $283k, net assets of -$815k.