Turkish American Culturalassociation of Washington

Analysis

Turkish American Culturalassociation of Washington is a registered charity in United States, based in Bellevue, WA. It received its IRS tax-exemption ruling in November 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 2023, Turkish American Culturalassociation of Washington reported income of $340k and spending of $343k, spending 101% of its income. Across the 5 years on record, from December 2018 to December 2023, income grew from $99k to $340k (+243%), an average of +36% a year. The sharpest change came in the year to December 2022, when income rose by 161%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Turkish American Culturalassociation of Washington sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within WA. Charities of a similar size with the same main cause include Charlotte Choir School ($340k), Arkansas Craft School ($340k) and Rci-Iibec Foundation Inc ($340k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 51% of the total. At year end it held assets of $97k against liabilities of $0, net assets of $97k.