Vahan Mirakian Foundation Inc

Analysis

Vahan Mirakian Foundation Inc is a registered charity in United States, based in Glendale, CA. It received its IRS tax-exemption ruling in August 2005, 21 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Vahan Mirakian Foundation Inc reported income of $113k and spending of $26k, leaving 77% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $106k to $113k (+6.5%), an average of +6.5% a year. Over the whole period it spent 41% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Vahan Mirakian Foundation Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 42nd percentile within CA. Charities of a similar size with the same main cause include Carnegie Arts Center Inc ($113k), Augusta Pride Inc ($113k) and Arizona Archaeological and Historical Society ($113k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $87k against liabilities of $0, net assets of $87k.