The Turner Foundation - Since 1958

Analysis

The Turner Foundation - Since 1958 is a registered charity in United States, based in Santa Barbara, CA. It received its IRS tax-exemption ruling in December 1964, 62 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, The Turner Foundation - Since 1958 reported income of $3.2m and spending of $4.1m, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $3.2m (+39%), an average of +8.7% a year. The sharpest change came in the year to December 2021, when income rose by 21%. Over the whole period it spent 123% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, The Turner Foundation - Since 1958 sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Christ the King Community Outreach ($3.2m), Housing Development Center Inc ($3.2m) and Margert Community Corporation ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $300k (7.4% of expenses). Other salaries and wages came to $762k. It paid $45k in professional fundraising fees. At year end it held assets of $23.3m against liabilities of $18.1m, net assets of $5.3m. It reported 26 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.