Camp Haiastan of the Armenian Youth Federation Inc

Analysis

Camp Haiastan of the Armenian Youth Federation Inc is a registered charity in United States, based in Franklin, MA. It received its IRS tax-exemption ruling in December 1976, 50 years ago. 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 October 2023, Camp Haiastan of the Armenian Youth Federation Inc reported income of $1.3m and spending of $917k, leaving 30% of income unspent that year. Across the 5 years on record, from October 2019 to October 2023, income grew from $973k to $1.3m (+35%), an average of +7.7% a year. The sharpest change came in the year to October 2021, when income rose by 233%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Camp Haiastan of the Armenian Youth Federation Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MA. Charities of a similar size with the same main cause include Lincoln Law School of San Jose ($1.3m), Schott Memorial Center Inc ($1.3m) and The Morton Center Inc ($1.3m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 29% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $61k (6.6% of expenses). Other salaries and wages came to $350k. At year end it held assets of $4.8m against liabilities of $30k, net assets of $4.8m. It reported 85 employees.