Turkish Philanthropy Funds Inc

Analysis

Turkish Philanthropy Funds Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 2007, 19 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 June 2023, Turkish Philanthropy Funds Inc reported income of $28.4m and spending of $12.9m, leaving 55% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.2m to $28.4m (+445%), an average of +53% a year. The sharpest change came in the year to June 2023, when income rose by 479%. Over the whole period it spent 53% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Turkish Philanthropy Funds Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Samaritans Feet International ($28.3m), United Hands Relief Inc ($28.6m) and Christian Relief Services Charities Inc ($28.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $234k (1.8% of expenses). Other salaries and wages came to $239k. At year end it held assets of $36.0m against liabilities of $3.2m, net assets of $32.8m. It reported 4 employees.