Hudson Turkish American Cultural Association Inc

Analysis

Hudson Turkish American Cultural Association Inc is a registered charity in United States, based in Wayne, NJ. It received its IRS tax-exemption ruling in November 2005, 21 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, Hudson Turkish American Cultural Association Inc reported income of $3.0m and spending of $3.2m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $903k to $3.0m (+231%), an average of +35% a year. The sharpest change came in the year to December 2021, when income rose by 79%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hudson Turkish American Cultural Association Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NJ. Charities of a similar size with the same main cause include Public Media Institute ($3.0m), Kronos Performing Arts Assn ($3.0m) and Institute of Mathematical Statistics ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 30% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $3.2m against liabilities of $2.8m, net assets of $404k.