Turkish American Arts Society of New York

Analysis

Turkish American Arts Society of New York is a registered charity in United States, based in Sunnyside, NY. It received its IRS tax-exemption ruling in August 2019, 7 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 June 2023, Turkish American Arts Society of New York reported income of $402k and spending of $406k, spending 101% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $258k to $402k (+56%), an average of +56% a year. The sharpest change came in the year to June 2023, when income rose by 56%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Turkish American Arts Society of New York sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include Little Compton Historical Society Inc ($402k), Truartspeaks ($402k) and Historic Augusta Inc ($402k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $6,648 against liabilities of $5,573, net assets of $1,075.