Armenian Heritage Tribute and Genocide Memorial Foundation Inc

Analysis

Armenian Heritage Tribute and Genocide Memorial Foundation Inc is a registered charity in United States, based in Watertown, MA. It received its IRS tax-exemption ruling in April 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 (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 2023, Armenian Heritage Tribute and Genocide Memorial Foundation Inc reported income of $495k and spending of $182k, leaving 63% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $707k to $495k (-30%), an average of -8.5% a year. The sharpest change came in the year to December 2022, when income rose by 400%. Over the whole period it spent 31% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Armenian Heritage Tribute and Genocide Memorial Foundation Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within MA. Charities of a similar size with the same main cause include Historic Rugby Inc ($495k), Classic Theatre of Maryland ($495k) and Orpheus Club of Philadelphia ($495k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% of the total. At year end it held assets of $4.6m against liabilities of $5,052, net assets of $4.6m.