Turkish-American Community Center Inc

Analysis

Turkish-American Community Center Inc is a registered charity in United States, based in Lanham, MD. It received its IRS tax-exemption ruling in May 1995, 31 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Turkish-American Community Center Inc reported income of $2.7m and spending of $5.2m, spending 194% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $3.1m to $2.7m (-14%), an average of -5.0% a year. The sharpest change came in the year to December 2021, when income rose by 70%. Over the whole period it spent 203% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Turkish-American Community Center Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MD. Charities of a similar size with the same main cause include American Friends of Tiferet Center ($2.7m), Koinonia House Inc ($2.7m) and United States Institute of Language and Clerical Studies Inc ($2.7m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 28% and program service revenue 26% of the total. Other salaries and wages came to $563k. It paid $9,621 in professional fundraising fees. At year end it held assets of $83.7m against liabilities of $131k, net assets of $83.6m. It reported 29 employees.

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.