Turquoise Mountain Foundation

Analysis

Turquoise Mountain Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in October 2008, 18 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Turquoise Mountain Foundation reported income of $913k and spending of $978k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $341k to $913k (+168%), an average of +28% a year. The sharpest change came in the year to December 2021, when income rose by 222%. Over the whole period it spent 116% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Turquoise Mountain Foundation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 53rd percentile within DC. Charities of a similar size with the same main cause include Institute for Field Research ($912k), Trustafrica ($915k) and Rick Caywood Ministries Chichuachuan Connection ($912k).

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 $55k against liabilities of $23k, net assets of $32k.