Turk Street Inc

Analysis

Turk Street Inc is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in November 1998, 28 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Turk Street Inc reported income of $8.1m and spending of $17.6m, spending 218% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $2.3m to $8.1m (+245%), an average of +51% a year. The sharpest change came in the year to December 2023, when income rose by 362%. Over the whole period it spent 214% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Turk Street 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 94th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Ikaika Ohana ($8.1m), Redwood Gospel Missions ($8.1m) and Network for Oregon Affordable Housing ($8.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 32% of the total. Other salaries and wages came to $278k. At year end it held assets of $38.3m against liabilities of $84.1m, net assets of -$45.8m.

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.