Turkish American Chamber Of Commerce Of The Se United States
Turkish American Chamber of Commerce faces consistent deficits and declining assets.
EIN: 141999105 · Atlanta, GA · NTEE: S43 · Updated: 2026-03-28
Is Turkish American Chamber Of Commerce Of The Se United States Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Turkish American Chamber Of Commerce Of The Se United States directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Turkish American Chamber Of Commerce Of The Se United States
Turkish American Chamber Of Commerce Of The Se United States (EIN: 141999105) is a nonprofit organization based in Atlanta, GA, classified under NTEE code S43. The organization reported total revenue of $154K and total assets of $3K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Turkish American Chamber Of Commerce Of The Se United States's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Turkish American Chamber Of Commerce Of The Se United States is a small nonprofit that has been operating for 17 years, with 6 years of IRS 990 filings on record (2011–2016). Revenue has grown at a compound annual rate of 9.7%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
| Total Revenue | $144K |
| Total Expenses | $196K |
| Surplus / Deficit | $-52,857 |
| Total Assets | $3K |
| Total Liabilities | $87K |
| Net Assets | $-83,430 |
| Operating Margin | -36.8% |
| Debt-to-Asset Ratio | 2498.1% |
| Months of Reserves | 0.2 months |
Financial Health Grade: D
In 2016, Turkish American Chamber Of Commerce Of The Se United States reported a deficit of $53K with expenses exceeding revenue, holds 0.2 months of operating reserves (limited), has a debt-to-asset ratio of 2498.1% (high leverage).
Financial Trends
Over 6 years of filings (2011–2016), Turkish American Chamber Of Commerce Of The Se United States's revenue has grown at a compound annual growth rate (CAGR) of 9.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | -17.9% | +14.3% | -79.2% |
| 2015 | +20.0% | +17.1% | -33.7% |
| 2014 | -26.5% | -30.1% | -32.3% |
| 2013 | +37.7% | -4.1% | -7.4% |
| 2012 | +59.3% | +385.0% | -26.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Turkish American Chamber Of Commerce Of The Se United States with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Turkish American Chamber Of Commerce Of The Se United States allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $53K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2498.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is not drawing a salary, which is a positive for resource allocation given the organization's modest size and financial challenges.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Turkish American Chamber Of Commerce Of The Se United States's IRS 990 filings:
- Consistent operational deficits (e.g., $143,632 revenue vs. $196,489 expenses in 2016)
- Significant decline in assets over time (from $55,007 in 2011 to $3,479 in 2016)
- High liabilities relative to assets and revenue (e.g., $86,909 liabilities vs. $3,479 assets in 2016)
Strengths
The following positive indicators were identified for Turkish American Chamber Of Commerce Of The Se United States:
- No reported officer compensation, indicating volunteer leadership or efficient use of funds for executive roles.
- Consistent filing of IRS 990 forms, demonstrating transparency in financial reporting.
Frequently Asked Questions about Turkish American Chamber Of Commerce Of The Se United States
Is Turkish American Chamber Of Commerce Of The Se United States a legitimate charity?
Based on AI analysis of IRS 990 filings, Turkish American Chamber Of Commerce Of The Se United States (EIN: 141999105) some concerns. Mission Score: 55/100. 3 red flags identified, 2 strengths noted.
How does Turkish American Chamber Of Commerce Of The Se United States spend its money?
Turkish American Chamber Of Commerce Of The Se United States directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Turkish American Chamber Of Commerce Of The Se United States tax-deductible?
Turkish American Chamber Of Commerce Of The Se United States is registered as a tax-exempt nonprofit (EIN: 141999105). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Turkish American Chamber Of Commerce Of The Se United States financially stable?
Based on the IRS 990 data, the organization has shown signs of financial instability, with expenses frequently exceeding revenue and a significant decline in assets from $55,007 in 2011 to $3,479 in 2016, alongside high liabilities.
How does the organization cover its operational deficits?
The consistent deficits suggest the organization is either drawing down on reserves (which are now very low at $3,479 in assets) or incurring debt, as evidenced by liabilities reaching $86,909 in 2016.
What is the trend in the organization's assets?
The organization's assets have shown a significant downward trend, decreasing from $55,007 in 2011 to $3,479 in 2016, indicating a depletion of financial reserves.
Filing History
IRS 990 filing history for Turkish American Chamber Of Commerce Of The Se United States showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2016), Turkish American Chamber Of Commerce Of The Se United States's revenue has grown by 58.8%, moving from $90K to $144K. Total assets decreased by 93.7% over the same period, from $55K to $3K. Total functional expenses rose by 335.2%, from $45K to $196K. In its most recent filing year (2016), Turkish American Chamber Of Commerce Of The Se United States reported a deficit of $53K, with expenses exceeding revenue. The organization holds $87K in liabilities against $3K in assets (debt-to-asset ratio: 2498.1%), resulting in net assets of $-83,430.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $144K | $196K | $3K | $87K | — | — |
| 2015 | $175K | $172K | $17K | $47K | — | View 990 |
| 2014 | $146K | $147K | $25K | $59K | — | View 990 |
| 2013 | $198K | $210K | $37K | $70K | — | View 990 |
| 2012 | $144K | $219K | $40K | $61K | — | View 990 |
| 2011 | $90K | $45K | $55K | $855 | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $144K, expenses of $196K, and assets of $3K (revenue -17.9% year-over-year).
- 2015: Revenue of $175K, expenses of $172K, and assets of $17K (revenue +20.0% year-over-year).
- 2014: Revenue of $146K, expenses of $147K, and assets of $25K (revenue -26.5% year-over-year).
- 2013: Revenue of $198K, expenses of $210K, and assets of $37K (revenue +37.7% year-over-year).
- 2012: Revenue of $144K, expenses of $219K, and assets of $40K (revenue +59.3% year-over-year).
- 2011: Revenue of $90K, expenses of $45K, and assets of $55K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Turkish American Chamber Of Commerce Of The Se United States:
Data Sources and Methodology
This transparency report for Turkish American Chamber Of Commerce Of The Se United States is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.