Turning Point Inc
Turning Point Inc: Steady Revenue, High Program Spending, but Transparency Lacking
EIN: 222046926 · Paterson, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $10.7M |
| Total Expenses | $11.3M |
| Program Spending | 85% |
| Net Assets | $10.1M |
| Transparency Score | 75/100 |
Is Turning Point Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Turning Point Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Turning Point Inc
Turning Point Inc (EIN: 222046926) is a nonprofit organization based in Paterson, NJ. The organization reported total revenue of $10.7M and total assets of $10.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Turning Point Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Turning Point Inc is a large nonprofit that has been operating for 49 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 4.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $10.8M |
| Total Expenses | $11.3M |
| Surplus / Deficit | $-519,578 |
| Total Assets | $12.1M |
| Total Liabilities | $2.0M |
| Net Assets | $10.1M |
| Operating Margin | -4.8% |
| Debt-to-Asset Ratio | 16.9% |
| Months of Reserves | 12.8 months |
Financial Health Grade: B
In 2024, Turning Point Inc reported a deficit of $520K with expenses exceeding revenue, holds 12.8 months of operating reserves (strong position), has a debt-to-asset ratio of 16.9% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Turning Point Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +2.8% | +6.1% | +2.5% |
| 2023 | +4.0% | +6.5% | +5.2% |
| 2022 | -12.3% | -1.4% | -1.4% |
| 2021 | +3.8% | -5.9% | +1.5% |
| 2020 | +3.1% | +6.8% | +16.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1977 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Turning Point Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Turning Point Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $520K, with expenses exceeding revenue.
- Debt-to-asset ratio: 16.9%.
Executive Compensation Analysis
Executive compensation details are not explicitly disclosed in the provided data, making a specific assessment difficult without further filing review.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Turning Point Inc's IRS 990 filings:
- Lack of detailed transparency regarding program outcomes and specific executive compensation figures in readily available data.
Strengths
The following positive indicators were identified for Turning Point Inc:
- Consistent revenue generation over several years, indicating stable operations.
- High percentage of spending allocated to programs (85%), suggesting a strong focus on mission delivery.
Frequently Asked Questions about Turning Point Inc
Is Turning Point Inc a legitimate charity?
Turning Point Inc (EIN: 222046926) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 14 years of IRS 990 filings on record. Total revenue: $10.7M. 1 red flag identified. 2 strengths noted. Financial health grade: B.
How does Turning Point Inc spend its money?
Turning Point Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Turning Point Inc tax-deductible?
Turning Point Inc is registered as a tax-exempt nonprofit (EIN: 222046926). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Turning Point Inc's spending goes to programs?
Turning Point Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Turning Point Inc located?
Turning Point Inc is headquartered in Paterson, New Jersey and files with the IRS under EIN 222046926.
How many years of IRS 990 filings does Turning Point Inc have?
Turning Point Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $10.7M in total revenue.
What does Turning Point Inc do?
Turning Point Inc is a nonprofit organization in the Unknown sector, located in Paterson, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Turning Point Inc have?
Turning Point Inc reported total revenue of $10,681,340. Based on 14 IRS 990 filings on record.
What are Turning Point Inc's total assets?
Turning Point Inc holds total assets of $10,430,710 as reported in IRS 990 filings.
Where is Turning Point Inc located?
Turning Point Inc is based in Paterson, New Jersey.
What is Turning Point Inc's EIN?
Turning Point Inc's Employer Identification Number (EIN) is 222046926. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Turning Point Inc?
Turning Point Inc is classified under NTEE code Unknown (Unknown).
Is Turning Point Inc a registered 501(c)(3)?
Turning Point Inc appears in IRS records (EIN: 222046926). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Turning Point Inc file IRS Form 990?
Yes, Turning Point Inc has 14 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was Turning Point Inc's revenue in 2024?
In the 202406 filing period, Turning Point Inc reported total revenue of $10,775,771, total expenses of $11,295,349, and net assets of $12,095,222.
Is Turning Point Inc's revenue growing or declining?
Turning Point Inc's revenue is relatively stable. Revenue went from $10,477,988 (202306) to $10,775,771 (202406), a +2.8% change. Based on 14 filings on record.
What is Turning Point Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Turning Point Inc covers tax period 202406. It shows revenue of $10,775,771, expenses of $11,295,349, total assets of $12,095,222, and liabilities of $2,043,051.
How much does Turning Point Inc spend on programs vs administration?
Based on IRS 990 analysis, Turning Point Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Turning Point Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Turning Point Inc appears trustworthy. Mission Score: 75/100 (Good). 1 red flag identified. 2 strengths noted.
What are the red flags for Turning Point Inc?
The following concerns were identified: Lack of detailed transparency regarding program outcomes and specific executive compensation figures in readily available data.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Turning Point Inc's strengths?
Positive indicators for Turning Point Inc include: Consistent revenue generation over several years, indicating stable operations.. High percentage of spending allocated to programs (85%), suggesting a strong focus on mission delivery.. These findings are derived from AI analysis of the organization's financial filings.
How does Turning Point Inc compensate executives?
Executive compensation details are not explicitly disclosed in the provided data, making a specific assessment difficult without further filing review. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent revenue around $10-11 million, what specific strategies does Turning Point Inc. employ to maintain this stability in a fluctuating economic environment?
While the provided data shows consistent revenue, the specific strategies for maintaining this stability are not detailed. Further investigation into their funding sources, donor retention, and program diversification would be necessary.
Filing History
IRS 990 filing history for Turning Point Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Turning Point Inc's revenue has grown by 77.3%, moving from $6.1M to $10.8M. Total assets increased by 83.4% over the same period, from $6.6M to $12.1M. Total functional expenses rose by 73.8%, from $6.5M to $11.3M. In its most recent filing year (2024), Turning Point Inc reported a deficit of $520K, with expenses exceeding revenue. The organization holds $2.0M in liabilities against $12.1M in assets (debt-to-asset ratio: 16.9%), resulting in net assets of $10.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $10.8M | $11.3M | $12.1M | $2.0M | — | View 990 |
| 2023 | $10.5M | $10.6M | $11.8M | $1.1M | — | — |
| 2022 | $10.1M | $10.0M | $11.2M | $342K | — | View 990 |
| 2021 | $11.5M | $10.1M | $11.4M | $525K | — | View 990 |
| 2020 | $11.1M | $10.8M | $11.2M | $1.7M | — | View 990 |
| 2019 | $10.7M | $10.1M | $9.7M | $443K | — | View 990 |
| 2018 | $11.6M | $10.4M | $9.3M | $563K | — | — |
| 2017 | $10.0M | $8.6M | $8.4M | $965K | — | View 990 |
| 2016 | $9.1M | $9.3M | $7.6M | $1.5M | — | View 990 |
| 2015 | $8.6M | $9.2M | $7.9M | $1.4M | — | View 990 |
| 2014 | $7.6M | $7.8M | $6.3M | $973K | — | View 990 |
| 2013 | $7.4M | $7.6M | $6.4M | $940K | — | View 990 |
| 2012 | $6.9M | $7.3M | $6.5M | $851K | — | View 990 |
| 2011 | $6.1M | $6.5M | $6.6M | $525K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $10.8M, expenses of $11.3M, and assets of $12.1M (revenue +2.8% year-over-year).
- 2023: Revenue of $10.5M, expenses of $10.6M, and assets of $11.8M (revenue +4.0% year-over-year).
- 2022: Revenue of $10.1M, expenses of $10.0M, and assets of $11.2M (revenue -12.3% year-over-year).
- 2021: Revenue of $11.5M, expenses of $10.1M, and assets of $11.4M (revenue +3.8% year-over-year).
- 2020: Revenue of $11.1M, expenses of $10.8M, and assets of $11.2M (revenue +3.1% year-over-year).
- 2019: Revenue of $10.7M, expenses of $10.1M, and assets of $9.7M (revenue -7.8% year-over-year).
- 2018: Revenue of $11.6M, expenses of $10.4M, and assets of $9.3M (revenue +16.6% year-over-year).
- 2017: Revenue of $10.0M, expenses of $8.6M, and assets of $8.4M (revenue +10.0% year-over-year).
- 2016: Revenue of $9.1M, expenses of $9.3M, and assets of $7.6M (revenue +6.1% year-over-year).
- 2015: Revenue of $8.6M, expenses of $9.2M, and assets of $7.9M (revenue +12.0% year-over-year).
- 2014: Revenue of $7.6M, expenses of $7.8M, and assets of $6.3M (revenue +3.0% year-over-year).
- 2013: Revenue of $7.4M, expenses of $7.6M, and assets of $6.4M (revenue +7.9% year-over-year).
- 2012: Revenue of $6.9M, expenses of $7.3M, and assets of $6.5M (revenue +13.1% year-over-year).
- 2011: Revenue of $6.1M, expenses of $6.5M, and assets of $6.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Turning Point Inc:
Data Sources and Methodology
This transparency report for Turning Point Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.