Holy Martyrs Armenian Day School

Analysis

Holy Martyrs Armenian Day School is a registered charity in United States, based in Bayside, NY. It received its IRS tax-exemption ruling in May 1981, 45 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Holy Martyrs Armenian Day School reported income of $893k and spending of $785k, spending 88% of its income. Across the 5 years on record, from August 2018 to August 2023, income grew from $830k to $893k (+7.7%), an average of +1.9% a year. The sharpest change came in the year to August 2021, when income rose by 32%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Holy Martyrs Armenian Day School sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Ronald McDonald House Charities of Temple Texas ($893k), Kennedy Center of Louisiana LLC ($893k) and Indiana Soccer Association Inc ($893k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 40% and program service revenue 43% of the total. Other salaries and wages came to $562k. At year end it held assets of $1.4m against liabilities of $2,999, net assets of $1.4m. It reported 24 employees.