Armenian General Benevolent Union

Analysis

Armenian General Benevolent Union is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in November 1959, 67 years ago. 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 2022, Armenian General Benevolent Union reported income of $38.8m and spending of $28.6m, leaving 26% of income unspent that year. Across the 5 years on record, from December 2018 to December 2022, income grew from $29.2m to $38.8m (+33%), an average of +7.3% a year. The sharpest change came in the year to December 2020, when income rose by 39%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Armenian General Benevolent Union sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Child & Family Services Inc ($38.7m), Neighborhood Legal Services of Los Angeles County ($38.8m) and Rural Health Services Consortium Inc ($38.7m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 80% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $1.4m (5.0% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $297.5m against liabilities of $5.2m, net assets of $292.4m. It reported 111 employees.