Armenian Cultural Association Hamazkayin Inc

Analysis

Armenian Cultural Association Hamazkayin Inc is a registered charity in United States, based in Glendale, CA. It received its IRS tax-exemption ruling in February 1972, 54 years ago. 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, Armenian Cultural Association Hamazkayin Inc reported income of $440k and spending of $294k, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $217k to $440k (+103%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 1047%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Armenian Cultural Association Hamazkayin Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within CA. Charities of a similar size with the same main cause include St John Hospital and Medical Center Guild ($440k), San Rafael High School Boosters Incorporated ($440k) and Society of Health and Physical Educators ($439k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 8.0% of the total. Other salaries and wages came to $19k. At year end it held assets of $636k against liabilities of $0, net assets of $636k.