American Turkish Friendship Association

Analysis

American Turkish Friendship Association is a registered charity in United States, based in Chantilly, VA. It received its IRS tax-exemption ruling in July 2006, 20 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2021, American Turkish Friendship Association reported income of $732k and spending of $758k, spending 104% of its income. Across the 3 years on record, from December 2019 to December 2021, income grew from $299k to $732k (+145%), an average of +56% a year. The sharpest change came in the year to December 2020, when income rose by 85%. Over the whole period it spent 144% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, American Turkish Friendship Association sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within VA. Charities of a similar size with the same main cause include Studio Two Three ($732k), Framingham Public Access Corporation ($732k) and Deadcenter Film Festival Inc ($732k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 82% and program service revenue 23% of the total. Other salaries and wages came to $342k. At year end it held assets of $746k against liabilities of $457k, net assets of $289k. It reported 7 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.