Keep Factually independent
Whether you agree or disagree with our analysis, these conversations matter for democracy. We don't take money from political groups - even a $5 donation helps us keep it that way.
How much revenue did Turning Point USA report on IRS Form 990 in 2022?
Executive Summary
Turning Point USA reported approximately $80–81 million in revenue on its IRS Form 990 for the fiscal year associated with 2022; independent extractions list $80,642,111 while summaries and secondary reporting round that to $81 million or report $81,721,637 depending on the extractor. The discrepancy stems from differences in data extraction and rounding as well as whether reporters cite the Form 990 line-item total or aggregated platform summaries; primary filings align most closely with the ProPublica-extracted figure [1] [2].
1. Conflicting Totals — Did Turning Point USA Report $80.6M or $81.7M?
Multiple contemporaneous extractions of Turning Point USA’s 2022 Form 990 show slightly different revenue totals, with ProPublica’s Nonprofit Explorer recording $80,642,111 and other secondary summaries reporting $81,000,000 or $81,721,637 [1] [2]. These differences are not evidence of contradictory underlying filings but reflect data processing choices: ProPublica pulls numeric values directly from the Form 990 schedules and presents the fiscal-year total, while other aggregators sometimes round to the nearest million or include additional non-operating incomes and reconciliations. The Form 990 itself is the authoritative document; extant public extractions converge around the low-$80 million range, indicating that the practical answer is roughly $80.6–81.7 million, with $80,642,111 the most precise extraction cited by major nonprofit data projects [1].
2. Where the Revenue Number Comes From — Contributions and Fiscal Periods Matter
The Form 990 revenue total reported for Turning Point USA in filings tied to 2022 is dominated by contributions, gifts, and grants, which account for the vast majority of the reported total, with program service revenue and conference fees forming minor shares [1] [3]. Analysts note that the organization’s revenue rose substantially over recent years, from tens of millions in prior years to the low-$80 million range in the 2022 filing, making it essential to understand whether a source cites the fiscal year ending June 2022 or a calendar-year aggregate; differences in fiscal-year cutoffs and whether affiliated-entity transfers are consolidated can change the headline figure slightly [1] [3].
3. Source Reliability — ProPublica vs. Aggregators and Rounding Practices
ProPublica’s Nonprofit Explorer is widely used for direct extractions and lists $80,642,111 for the fiscal year ending June 2022, which is consistent with a line-by-line read of the Form 990 schedules [1]. Other platforms and summaries present figures of $81 million or $81,721,637, reflecting rounding, different aggregation methods, or inclusion of additional notes captured by some secondary data services [2] [4]. Given that the Form 990 is the primary source, the ProPublica figure is the most granular public extraction cited here; the higher rounded totals reported elsewhere do not materially conflict but emphasize that reporting conventions matter when moving from a tax filing to a press-friendly number [1] [2].
4. What Reported Revenue Implies — Trends and Expenditures Context
Turning Point USA’s reported revenue in the low-$80 million range corresponds with reported increases in spending on travel, conventions, compensation, and grants to affiliated entities in the same filings; summaries show total expenditures in the $71–91 million range depending on the extractor’s framing, with net assets and year-to-year changes highlighted in the Form 990 detail [2] [3]. The revenue figure alone does not convey liquidity, restrictions on contributed funds, or transfers to affiliates, and several summaries explicitly note that most revenue came from contributions, underlining that donor restrictions and multi-entity arrangements can materially affect how much of that revenue funds core operations versus grantmaking or pass-through activity [1] [3].
5. Bottom Line and Best Practice for Verification — Check the Form 990 PDF
The most defensible answer is that Turning Point USA’s 2022 Form 990 shows about $80.6 million in revenues as extracted by ProPublica, with common reporting rounding that to $81 million and some aggregators reporting a slightly higher figure ($81.7M) due to different aggregation rules [1] [2]. For definitive verification, download and inspect the actual IRS Form 990 PDF or the schedules filed for the fiscal year in question; that primary document resolves line-item totals, fiscal-year dates, and the scope of included revenue, and it is the source underlying all secondary extractions referenced above [1].