Iranian-Armenian Society Inc

Analysis

Iranian-Armenian Society Inc is a registered charity in United States, based in Little Neck, NY. It received its IRS tax-exemption ruling in June 1956, 70 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Iranian-Armenian Society Inc reported income of $152k and spending of $142k, spending 94% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $147k to $152k (+3.2%), an average of +1.0% a year. The sharpest change came in the year to December 2022, when income rose by 40%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Iranian-Armenian Society Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 46th percentile within NY. Charities of a similar size with the same main cause include Cultura Brasil in Austin ($152k), The Full Life Ahead Foundation ($152k) and The Milwaukee Ballet Orchestra Inc ($152k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. At year end it held assets of $536k against liabilities of $32k, net assets of $504k.