Turkish Cultural Center Albany

Analysis

Turkish Cultural Center Albany is a registered charity in United States, based in Rensselaer, NY. It received its IRS tax-exemption ruling in January 2010, 16 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 Albany reported income of $56k and spending of $61k, spending 109% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income grew from $204 to $56k (+27243%), an average of +1554% a year. The sharpest change came in the year to December 2022, when income rose by 11060%. Over the whole period it spent 183% 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 Albany sits at the 25th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within NY. Charities of a similar size with the same main cause include South County Concert Association Inc ($56k), Hudson Valley Old Time Power Association Inc ($56k) and Cantus Novus ($56k).

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 $202k against liabilities of $0, net assets of $202k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.