Turkish Educational Foundation

Analysis

Turkish Educational Foundation is a registered charity in United States, based in Mountain View, CA. It received its IRS tax-exemption ruling in May 1970, 56 years ago. 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 May 2024, Turkish Educational Foundation reported income of $651k and spending of $420k, leaving 35% of income unspent that year. Across the 6 years on record, from May 2019 to May 2024, income grew from $189k to $651k (+244%), an average of +28% a year. The sharpest change came in the year to May 2020, when income rose by 98%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Turkish Educational Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Barrington Tap in Inc ($651k), Treasure Chest ($651k) and Cardiovascular Institute ($650k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 74% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.