Armenian Cultural Association of America Inc

Analysis

Armenian Cultural Association of America Inc is a registered charity in United States, based in Watertown, MA. It received its IRS tax-exemption ruling in July 1975, 51 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Armenian Cultural Association of America Inc reported income of $1.3m and spending of $1.4m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $10.5m to $1.3m (-87%), an average of -40% a year. The sharpest change came in the year to December 2020, when income dropped by 73%. Over the whole period it spent 36% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Armenian Cultural Association of America Inc sits at the 88th percentile: it is larger than about 88% 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 Aspen Art Museum Foundation ($1.3m), Carolina Christian Radio Inc ($1.3m) and Custom and Craft Jewish Rituals Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 58% of the total. At year end it held assets of $7.5m against liabilities of $966k, net assets of $6.5m.