Armenian Students Association

Analysis

Armenian Students Association is a registered charity in United States, based in Weston, MA. It received its IRS tax-exemption ruling in July 1952, 74 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 April 2023, Armenian Students Association reported income of $180k and spending of $222k, spending 123% of what it took in. Across the 5 years on record, from April 2019 to April 2023, income fell from $249k to $180k (-28%), an average of -7.8% a year. The sharpest change came in the year to April 2022, when income rose by 51%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Armenian Students Association 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 51st percentile, and in the 55th percentile within MA. Charities of a similar size with the same main cause include Hospice Austin Fund ($180k), Little League Baseball Inc ($180k) and Hodgdon Housing for the Elderly ($180k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 64% of the total. Other salaries and wages came to $17k. At year end it held assets of $2.3m against liabilities of $19k, net assets of $2.3m. It reported 2 employees.