Turkic Foundation of Brooklyn Inc

Analysis

Turkic Foundation of Brooklyn Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in January 2023, 3 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Turkic Foundation of Brooklyn Inc reported income of $232k and spending of $231k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $67k to $232k (+246%), an average of +246% a year. The sharpest change came in the year to December 2023, when income rose by 246%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Turkic Foundation of Brooklyn Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within NY. Charities of a similar size with the same main cause include Kept Inc ($232k), Gabriels House Inc ($232k) and Texas Valor Project ($232k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $156k. At year end it held assets of $14k against liabilities of $11k, net assets of $2,773. It reported 3 employees.