Society for Orphaned Armenian Relief

Analysis

Society for Orphaned Armenian Relief is a registered charity in United States, based in Wayne, PA. It received its IRS tax-exemption ruling in March 2006, 20 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Society for Orphaned Armenian Relief reported income of $1.6m and spending of $1.5m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $1.6m (+3.1%), an average of +0.8% a year. Over the whole period it spent 84% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Society for Orphaned Armenian Relief sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within PA. Charities of a similar size with the same main cause include Jasper Newton Foundation Inc Jasper Foundation Inc ($1.6m), The Merchants Fund of Philadelphia ($1.6m) and Minnesota Vikings Foundation ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $150k (10% of expenses). Other salaries and wages came to $60k. At year end it held assets of $1.3m against liabilities of $8,145, net assets of $1.3m. It reported 2 employees.