Armenian Relief Society Inc

Analysis

Armenian Relief Society Inc is a registered charity in United States, based in Watertown, MA. It received its IRS tax-exemption ruling in March 1949, 77 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Armenian Relief Society Inc reported income of $2.8m and spending of $2.8m, spending 97% of its income. Across the 6 years on record, from May 2019 to May 2024, income grew from $933k to $2.8m (+204%), an average of +25% a year. The sharpest change came in the year to May 2020, when income rose by 128%. Over the whole period it spent 82% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Armenian Relief Society Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within MA. Charities of a similar size with the same main cause include Nepal Youth Foundation ($2.8m), Anabaptist Savings and Loans International ($2.8m) and Human Life International ($2.8m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 104% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $54k (2.0% of expenses). Other salaries and wages came to $99k. At year end it held assets of $9.1m against liabilities of $343k, net assets of $8.7m. It reported 4 employees.