Assembly of Turkish American Associations

Analysis

Assembly of Turkish American Associations is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in October 1981, 45 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, Assembly of Turkish American Associations reported income of $247k and spending of $171k, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $182k to $247k (+36%), an average of +7.9% a year. The sharpest change came in the year to December 2022, when income dropped by 116%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Assembly of Turkish American Associations sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within VA. Charities of a similar size with the same main cause include Rubicam Foundation ($247k), Community Media of the Foothills ($247k) and The Cherry Arts Inc ($247k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% of the total. Other salaries and wages came to $64k. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m. It reported 1 employees.