Turkish Cultural Center

Analysis

Turkish Cultural Center is a registered charity in United States, based in Ronkonkoma, NY. It received its IRS tax-exemption ruling in May 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 (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 Cultural Center reported income of $474k and spending of $402k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $474k (-62%), an average of -22% a year. The sharpest change came in the year to December 2022, when income dropped by 56%. Over the whole period it spent 85% 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 Cultural Center sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include Drumming for Your Life Institute ($474k), Kearney Area Childrens Museum ($474k) and Business Forward Foundation ($474k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Other salaries and wages came to $87k. At year end it held assets of $464k against liabilities of $708k, net assets of -$244k. It reported 4 employees.