Turkish Philanthropy Funds Inc
Turkish Philanthropy Funds Inc reports significant revenue growth and zero officer compensation in recent filings.
EIN: 208392006 · New York, NY · NTEE: Q12 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $19.0M |
| Total Expenses | $12.9M |
| Program Spending | 85% |
| Net Assets | $32.8M |
| Transparency Score | 90/100 |
Is Turkish Philanthropy Funds Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Turkish Philanthropy Funds Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Turkish Philanthropy Funds Inc
Turkish Philanthropy Funds Inc (EIN: 208392006) is a nonprofit organization based in New York, NY, classified under NTEE code Q12. The organization reported total revenue of $19.0M and total assets of $35.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Turkish Philanthropy Funds Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Turkish Philanthropy Funds Inc is a large nonprofit that has been operating for 19 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 28.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $28.4M |
| Total Expenses | $12.9M |
| Surplus / Deficit | +$15.5M |
| Total Assets | $36.0M |
| Total Liabilities | $3.2M |
| Net Assets | $32.8M |
| Operating Margin | 54.7% |
| Debt-to-Asset Ratio | 9.0% |
| Months of Reserves | 33.6 months |
Financial Health Grade: A
In 2023, Turkish Philanthropy Funds Inc reported a surplus of $15.5M with revenue exceeding expenses, holds 33.6 months of operating reserves (strong position), has a debt-to-asset ratio of 9.0% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Turkish Philanthropy Funds Inc's revenue has grown at a compound annual growth rate (CAGR) of 28.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +478.5% | +246.9% | +126.1% |
| 2022 | -8.5% | +27.2% | -7.1% |
| 2021 | +78.7% | +15.8% | +29.7% |
| 2020 | -42.4% | -7.1% | +2.9% |
| 2019 | +3.1% | +30.6% | +18.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Philanthropy Funds Inc with a Mission Score of 90 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Turkish Philanthropy Funds Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $15.5M, with revenue exceeding expenses.
- Debt-to-asset ratio: 9.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filing periods, indicating that no officers received compensation from the organization. This is a highly positive sign, suggesting that all funds are directed towards the organization's mission and operational costs, rather than executive salaries.
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 Philanthropy Funds Inc's IRS 990 filings:
- Lack of detailed expense breakdown in provided summary data (e.g., specific program vs. admin vs. fundraising percentages)
Strengths
The following positive indicators were identified for Turkish Philanthropy Funds Inc:
- Significant revenue growth, especially in the 2023 fiscal period ($28,424,188)
- Consistent 0% officer compensation across all reported periods
- Strong asset growth from $6.2M in 2014 to $36M in 2023
- Low liabilities relative to assets, indicating financial stability
- Positive revenue-to-expense ratio, particularly in recent years (e.g., $28.4M revenue vs. $12.8M expenses in 2023)
Frequently Asked Questions about Turkish Philanthropy Funds Inc
Is Turkish Philanthropy Funds Inc a legitimate charity?
Turkish Philanthropy Funds Inc (EIN: 208392006) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 12 years of IRS 990 filings on record. Total revenue: $19.0M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Turkish Philanthropy Funds Inc spend its money?
Turkish Philanthropy Funds Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Turkish Philanthropy Funds Inc tax-deductible?
Turkish Philanthropy Funds Inc is registered as a tax-exempt nonprofit (EIN: 208392006). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Turkish Philanthropy Funds Inc's spending goes to programs?
Turkish Philanthropy Funds Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Turkish Philanthropy Funds Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Turkish Philanthropy Funds Inc is above average for NTEE category Q12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Turkish Philanthropy Funds Inc located?
Turkish Philanthropy Funds Inc is headquartered in New York, New York and files with the IRS under EIN 208392006. It is classified under NTEE code Q12.
How many years of IRS 990 filings does Turkish Philanthropy Funds Inc have?
Turkish Philanthropy Funds Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $19.0M in total revenue.
Is Turkish Philanthropy Funds Inc a good charity?
Based on the provided data, Turkish Philanthropy Funds Inc appears to be a good charity. It demonstrates strong financial health with significant asset growth and a very favorable revenue-to-expense ratio, particularly in 2023. The consistent 0% officer compensation is a strong indicator of efficient spending and dedication to its mission.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved over time. Revenue has grown from $2,113,950 in 2014 to $28,424,188 in 2023, and assets have increased from $6,255,716 to $36,046,741 in the same period, indicating substantial growth and stability.
What is the organization's approach to executive compensation?
Turkish Philanthropy Funds Inc reports 0% officer compensation in all available filings, meaning no officers received salaries from the organization. This suggests a highly lean operational model regarding executive pay, prioritizing program spending.
Filing History
IRS 990 filing history for Turkish Philanthropy Funds Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Turkish Philanthropy Funds Inc's revenue has grown by 1416.3%, moving from $1.9M to $28.4M. Total assets increased by 621.5% over the same period, from $5.0M to $36.0M. Total functional expenses rose by 1113.9%, from $1.1M to $12.9M. In its most recent filing year (2023), Turkish Philanthropy Funds Inc reported a surplus of $15.5M, with revenue exceeding expenses. The organization holds $3.2M in liabilities against $36.0M in assets (debt-to-asset ratio: 9.0%), resulting in net assets of $32.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $28.4M | $12.9M | $36.0M | $3.2M | — | — |
| 2022 | $4.9M | $3.7M | $15.9M | $200K | — | View 990 |
| 2021 | $5.4M | $2.9M | $17.2M | $149K | — | View 990 |
| 2020 | $3.0M | $2.5M | $13.2M | $167K | — | View 990 |
| 2019 | $5.2M | $2.7M | $12.9M | $83K | — | View 990 |
| 2018 | $5.1M | $2.1M | $10.8M | $355K | — | View 990 |
| 2017 | $2.5M | $2.5M | $7.6M | $65K | — | View 990 |
| 2016 | $3.3M | $1.7M | $7.4M | $221K | — | View 990 |
| 2015 | $1.1M | $1.5M | $5.6M | $9K | — | View 990 |
| 2014 | $2.1M | $1.3M | $6.3M | $41K | — | View 990 |
| 2013 | $815K | $716K | $5.2M | $24K | — | View 990 |
| 2012 | $1.9M | $1.1M | $5.0M | $13K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $28.4M, expenses of $12.9M, and assets of $36.0M (revenue +478.5% year-over-year).
- 2022: Revenue of $4.9M, expenses of $3.7M, and assets of $15.9M (revenue -8.5% year-over-year).
- 2021: Revenue of $5.4M, expenses of $2.9M, and assets of $17.2M (revenue +78.7% year-over-year).
- 2020: Revenue of $3.0M, expenses of $2.5M, and assets of $13.2M (revenue -42.4% year-over-year).
- 2019: Revenue of $5.2M, expenses of $2.7M, and assets of $12.9M (revenue +3.1% year-over-year).
- 2018: Revenue of $5.1M, expenses of $2.1M, and assets of $10.8M (revenue +106.3% year-over-year).
- 2017: Revenue of $2.5M, expenses of $2.5M, and assets of $7.6M (revenue -25.6% year-over-year).
- 2016: Revenue of $3.3M, expenses of $1.7M, and assets of $7.4M (revenue +205.7% year-over-year).
- 2015: Revenue of $1.1M, expenses of $1.5M, and assets of $5.6M (revenue -49.0% year-over-year).
- 2014: Revenue of $2.1M, expenses of $1.3M, and assets of $6.3M (revenue +159.3% year-over-year).
- 2013: Revenue of $815K, expenses of $716K, and assets of $5.2M (revenue -56.5% year-over-year).
- 2012: Revenue of $1.9M, expenses of $1.1M, and assets of $5.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Turkish Philanthropy Funds Inc:
Data Sources and Methodology
This transparency report for Turkish Philanthropy Funds 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.