Turkish-American Cultural Alliance

Analysis

Turkish-American Cultural Alliance is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 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 December 2023, Turkish-American Cultural Alliance reported income of $207k and spending of $235k, spending 114% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $123k to $207k (+68%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 351%. 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 Alliance sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within IL. Charities of a similar size with the same main cause include Suzuki Collaborative of Cincinnati Public Schools ($207k), Polly Plumb Productions ($207k) and Land Cle ($207k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $714k against liabilities of $0, net assets of $714k.