Turkish American Cultural Association of Michigan

Analysis

Turkish American Cultural Association of Michigan is a registered charity in United States, based in Wixom, MI. It received its IRS tax-exemption ruling in May 1975, 51 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Turkish American Cultural Association of Michigan reported income of $118k and spending of $92k, leaving 22% of income unspent that year. Across the 2 years on record, from March 2023 to March 2024, income grew from $88k to $118k (+34%), an average of +34% a year. The sharpest change came in the year to March 2024, when income rose by 34%. Over the whole period it spent 75% 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 Cultural Association of Michigan sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 41st percentile within MI. Charities of a similar size with the same main cause include Jefferson Choral Society ($118k), Backstreet Cultural Museum Inc ($118k) and Dorchester Skipjack Committe Inc ($118k).

On its Form 990-EZ for the period ending March 2024, revenue came from contributions and grants 25% and program service revenue 30% of the total. At year end it held assets of $228k against liabilities of $0, net assets of $228k.