Maryland Turkish American Inhabitants Inc

Analysis

Maryland Turkish American Inhabitants Inc is a registered charity in United States, based in Columbia, MD. It received its IRS tax-exemption ruling in December 2007, 19 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Maryland Turkish American Inhabitants Inc reported income of $733k and spending of $768k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $116k to $733k (+532%), an average of +59% a year. The sharpest change came in the year to December 2020, when income rose by 485%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Maryland Turkish American Inhabitants Inc 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 76th percentile, and in the 75th percentile within MD. Charities of a similar size with the same main cause include American Orff-Schulwerk Association ($733k), Worthless Foundation Inc ($733k) and Fredericksburg Theater Company ($733k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $100k (13% of expenses). Other salaries and wages came to $48k. At year end it held assets of $3.5m against liabilities of $2.1m, net assets of $1.4m. It reported 4 employees.