Project Save Armenian Photograph Archives Inc

Analysis

Project Save Armenian Photograph Archives Inc is a registered charity in United States, based in Watertown, MA. It received its IRS tax-exemption ruling in May 1986, 40 years ago. 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 2022, Project Save Armenian Photograph Archives Inc reported income of $159k and spending of $213k, spending 134% of what it took in. Across the 2 years on record, from December 2021 to December 2022, income fell from $250k to $159k (-36%), an average of -36% a year. The sharpest change came in the year to December 2022, when income dropped by 36%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Project Save Armenian Photograph Archives Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 53rd percentile within MA. Charities of a similar size with the same main cause include Little League Baseball Inc ($159k), Little League Baseball Inc ($159k) and Friends of Simon Fraser University ($159k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 72% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $39k (18% of expenses). Other salaries and wages came to $108k. At year end it held assets of $101k against liabilities of $2,077, net assets of $99k. It reported 4 employees.