Turkish Friends Of Chabad Inc
Turkish Friends Of Chabad Inc shows strong asset growth and no reported officer compensation, with fluctuating but generally positive revenues.
EIN: 203169719 · Miami Beach, FL · NTEE: X123 · Updated: 2026-03-28
Is Turkish Friends Of Chabad Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Turkish Friends Of Chabad Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Turkish Friends Of Chabad Inc
Turkish Friends Of Chabad Inc (EIN: 203169719) is a nonprofit organization based in Miami Beach, FL, classified under NTEE code X123. The organization reported total revenue of $564K and total assets of $7.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Turkish Friends Of Chabad Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Turkish Friends Of Chabad Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Turkish Friends Of Chabad Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its executives, which is highly unusual for an organization of its size and asset base.
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 Friends Of Chabad Inc's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data, limiting full efficiency analysis.
- Unusually consistent 0% officer compensation for an organization with significant assets and revenue, which might warrant further inquiry into how leadership is compensated or if services are provided pro bono.
Strengths
The following positive indicators were identified for Turkish Friends Of Chabad Inc:
- Consistent asset growth, from $103,712 in 2011 to $7,296,897 in 2023, demonstrating strong financial health.
- No reported officer compensation across all filings, suggesting a high dedication of funds to the mission.
- Expenses generally well below revenue, indicating sound financial management and ability to build reserves.
- Low liabilities relative to assets, pointing to financial stability.
Frequently Asked Questions about Turkish Friends Of Chabad Inc
Is Turkish Friends Of Chabad Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Turkish Friends Of Chabad Inc (EIN: 203169719) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Turkish Friends Of Chabad Inc spend its money?
Turkish Friends Of Chabad Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Turkish Friends Of Chabad Inc tax-deductible?
Turkish Friends Of Chabad Inc is registered as a tax-exempt nonprofit (EIN: 203169719). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Turkish Friends Of Chabad Inc a good charity?
Based on the available financial data, Turkish Friends Of Chabad Inc appears to be a financially sound organization with strong asset growth and a notable commitment to not paying officer compensation, suggesting a high proportion of funds may go directly to its mission. However, without detailed program expense breakdowns, a full assessment of its programmatic impact is challenging.
How has the organization's revenue trended over time?
Revenue has shown significant fluctuations, from $240,376 in 2011 to a peak of $1,210,708 in 2021, then settling at $831,744 in 2023. Despite volatility, the overall trend indicates substantial growth in funding over the past decade.
What is the organization's asset growth like?
The organization has experienced remarkable asset growth, increasing from $103,712 in 2011 to $7,296,897 in 2023, indicating strong financial management and accumulation of resources.
Filing History
IRS 990 filing history for Turkish Friends Of Chabad Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Turkish Friends Of Chabad Inc's revenue has grown by 246%, moving from $240K to $832K. Total assets increased by 6935.7% over the same period, from $104K to $7.3M. Total functional expenses rose by 129.9%, from $236K to $543K. In its most recent filing year (2023), Turkish Friends Of Chabad Inc reported a surplus of $289K, with revenue exceeding expenses. The organization holds $24K in liabilities against $7.3M in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $7.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $832K | $543K | $7.3M | $24K | — | — |
| 2022 | $532K | $383K | $7.0M | $24K | — | View 990 |
| 2021 | $1.2M | $678K | $6.8M | $21K | — | View 990 |
| 2020 | $813K | $726K | $5.4M | $27K | — | View 990 |
| 2019 | $252K | $257K | $5.3M | $4K | — | — |
| 2015 | $116K | $191K | $122K | $18K | — | View 990 |
| 2014 | $291K | $276K | $179K | $776 | — | View 990 |
| 2013 | $184K | $150K | $163K | $267 | — | View 990 |
| 2012 | $286K | $257K | $131K | $2K | — | View 990 |
| 2011 | $240K | $236K | $104K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $832K, expenses of $543K, and assets of $7.3M (revenue +56.4% year-over-year).
- 2022: Revenue of $532K, expenses of $383K, and assets of $7.0M (revenue -56.1% year-over-year).
- 2021: Revenue of $1.2M, expenses of $678K, and assets of $6.8M (revenue +48.9% year-over-year).
- 2020: Revenue of $813K, expenses of $726K, and assets of $5.4M (revenue +222.6% year-over-year).
- 2019: Revenue of $252K, expenses of $257K, and assets of $5.3M (revenue +117.1% year-over-year).
- 2015: Revenue of $116K, expenses of $191K, and assets of $122K (revenue -60.2% year-over-year).
- 2014: Revenue of $291K, expenses of $276K, and assets of $179K (revenue +58.5% year-over-year).
- 2013: Revenue of $184K, expenses of $150K, and assets of $163K (revenue -35.7% year-over-year).
- 2012: Revenue of $286K, expenses of $257K, and assets of $131K (revenue +19.0% year-over-year).
- 2011: Revenue of $240K, expenses of $236K, and assets of $104K.
Data Sources and Methodology
This transparency report for Turkish Friends Of Chabad Inc 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.