New York Armenian Home Inc

Analysis

New York Armenian Home Inc is a registered charity in United States, based in Forest Hills, NY. It received its IRS tax-exemption ruling in March 1950, 76 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, New York Armenian Home Inc reported income of $92k and spending of $49.7m, spending 54043% of what it took in. Across the 3 years on record, from December 2019 to December 2021, income fell from $923k to $92k (-90%), an average of -68% a year. The sharpest change came in the year to December 2021, when income dropped by 81%. Over the whole period it spent 3334% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New York Armenian Home Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 34th percentile within NY. Charities of a similar size with the same main cause include Cfbeo Real Estate Inc ($92k), Ten River Food Web ($92k) and Korean-American Society of Connecticut ($92k).

At year end it held assets of $920k against liabilities of $48k, net assets of $872k.