Free Turkerys Korean-Amer Foundation

Analysis

Free Turkerys Korean-Amer Foundation is a registered charity in United States, based in Fort Lee, NJ. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Free Turkerys Korean-Amer Foundation reported income of $65k and spending of $57k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $39k to $65k (+69%), an average of +68% a year. The sharpest change came in the year to December 2023, when income rose by 69%. Over the whole period it spent 88% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Free Turkerys Korean-Amer Foundation sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 33rd percentile within NJ. Charities of a similar size with the same main cause include The St Therese Foundation Inc ($65k), St Paul Evangelical Lutheran Church Foundation ($65k) and Missouri Masonic Foundation for the Prevention of Substance Abuse Inc ($65k).

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 $15k against liabilities of $0, net assets of $15k.