Home for the Armenian Aged Inc

Analysis

Home for the Armenian Aged Inc is a registered charity in United States, based in Westwood, NJ. It received its IRS tax-exemption ruling in April 1950, 76 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 March 2024, Home for the Armenian Aged Inc reported income of $222k and spending of $254k, spending 114% of what it took in. Across the 6 years on record, from March 2019 to March 2024, income fell from $7.0m to $222k (-97%), an average of -50% a year. The sharpest change came in the year to March 2022, when income dropped by 94%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Home for the Armenian Aged Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 63rd percentile within NJ. Charities of a similar size with the same main cause include Thin Blue Line of Michigan ($222k), Alabama Hands & Voices ($222k) and Advocates for Illinois Children ($222k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $40k. At year end it held assets of $576k against liabilities of $37, net assets of $576k. It reported 3 employees.