Lura Turner Homes Inc

Analysis

Lura Turner Homes Inc is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in August 1972, 54 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 June 2023, Lura Turner Homes Inc reported income of $2.3m and spending of $2.0m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $2.3m (+70%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 38%. 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, Lura Turner Homes Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 85th percentile within AZ. Charities of a similar size with the same main cause include Center for Family Development ($2.3m), Child Care Council of Dutchess and Putnam Inc ($2.3m) and Augusta Food Bank ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 30% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $46k (2.4% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $2.5m against liabilities of $464k, net assets of $2.0m. It reported 43 employees.