Turn Inc

Analysis

Turn Inc is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in April 2017, 9 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Turn Inc reported income of $137k and spending of $166k, spending 121% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $161k to $137k (-15%), an average of -15% a year. Over the whole period it spent 110% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Turn Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within NC. Charities of a similar size with the same main cause include Mahnomen County Day Activities Center ($137k), Tourism Recreation Investment Partnership for DC Foundation ($137k) and Motivated Young Scholars ($137k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1 against liabilities of $0, net assets of $1.