Armenian Relief Society of Eastern USA Inc

Analysis

Armenian Relief Society of Eastern USA Inc is a registered charity in United States, based in Watertown, MA. It received its IRS tax-exemption ruling in December 1979, 47 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Armenian Relief Society of Eastern USA Inc reported income of $1.3m and spending of $1.1m, spending 82% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $798k to $1.3m (+65%), an average of +13% a year. The sharpest change came in the year to May 2021, when income rose by 193%. Over the whole period it spent 72% 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 of Eastern USA Inc sits at the 84th percentile: it is larger than about 84% 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 Foundation for International Understanding Through Students ($1.3m), International Downtown Association Foundation ($1.3m) and Bayit Brigade ($1.3m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 51% of the total. Compensation of current officers, directors and key employees was $56k (5.2% of expenses). Other salaries and wages came to $14k. At year end it held assets of $6.4m against liabilities of $35k, net assets of $6.3m. It reported 1 employees.