Turken Foundation Inc

Analysis

Turken Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Turken Foundation Inc reported income of $2.5m and spending of $2.8m, spending 112% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income fell from $22.9m to $2.5m (-89%), an average of -52% a year. The sharpest change came in the year to June 2023, when income rose by 13053%. Over the whole period it spent 15% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Turken Foundation Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include International School of Orange County ($2.5m), Interlibrary Delivery Service of Pennsylvania ($2.5m) and Purdue Alumni Association Inc Memorial Union Building ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.0% of the total. At year end it held assets of $99.2m against liabilities of $38.8m, net assets of $60.5m.