National Association for Armenian Studies and Research Inc

Analysis

National Association for Armenian Studies and Research Inc is a registered charity in United States, based in Belmont, MA. It received its IRS tax-exemption ruling in January 1957, 69 years ago. 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, National Association for Armenian Studies and Research Inc reported income of $1.2m and spending of $948k, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $850k to $1.2m (+39%), an average of +8.6% a year. The sharpest change came in the year to December 2021, when income rose by 249%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, National Association for Armenian Studies and Research Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MA. Charities of a similar size with the same main cause include Foundation of the Daniel Boone Regional Library ($1.2m), South Orange Moderate Income Housing Corp ($1.2m) and National Christian Counselors Association Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $96k (10% of expenses). Other salaries and wages came to $277k. At year end it held assets of $11.3m against liabilities of $2,575, net assets of $11.3m. It reported 9 employees.