Federation of Turkish American Associations Inc

Analysis

Federation of Turkish American Associations Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in April 2018, 8 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 2023, Federation of Turkish American Associations Inc reported income of $86k and spending of $86k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $53k to $86k (+62%), an average of +62% a year. The sharpest change came in the year to December 2023, when income rose by 62%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Federation of Turkish American Associations Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 33rd percentile within NY. Charities of a similar size with the same main cause include Play on Arts ($86k), Golden Belt Community Concert Association ($86k) and Aalim Dance Academy Inc ($86k).

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 $16k against liabilities of $0, net assets of $16k.