Turkish American Society Inc

Analysis

Turkish American Society Inc is a registered charity in United States, based in Mount Prospect, IL. It received its IRS tax-exemption ruling in June 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Turkish American Society Inc reported income of $4.9m and spending of $4.9m, spending 99% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $2.8m to $4.9m (+78%), an average of +15% a year. The sharpest change came in the year to July 2022, when income rose by 44%. Over the whole period it spent 105% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Turkish American Society Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within IL. Charities of a similar size with the same main cause include Solutions Journalism Network Inc ($4.9m), Community Regional Charter School ($4.9m) and Gooden School ($4.9m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 10% and program service revenue 90% of the total. Other salaries and wages came to $3.1m. At year end it held assets of $9.8m against liabilities of $4.9m, net assets of $5.0m. It reported 88 employees.