Armenian Church Endowment Fund Inc

Analysis

Armenian Church Endowment Fund Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 2005, 21 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Armenian Church Endowment Fund Inc reported income of $4.4m and spending of $4.0m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.2m to $4.4m (+38%), an average of +8.4% a year. The sharpest change came in the year to December 2021, when income rose by 7796%. Over the whole period it spent 105% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Armenian Church Endowment Fund Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Christ Citadel International Church ($4.3m), Peace Haven ($4.4m) and One Love Initiative Inc ($4.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 6.0% of the total. Other salaries and wages came to $111k. At year end it held assets of $146.8m against liabilities of $58.5m, net assets of $88.4m.