Armenian Cultural & Educational Center Inc

Analysis

Armenian Cultural & Educational Center Inc is a registered charity in United States, based in Watertown, MA. It received its IRS tax-exemption ruling in March 1975, 51 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, Armenian Cultural & Educational Center Inc reported income of $330k and spending of $344k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $269k to $330k (+23%), an average of +5.2% a year. The sharpest change came in the year to December 2022, when income rose by 213%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Armenian Cultural & Educational Center Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within MA. Charities of a similar size with the same main cause include Gujarati Samaj of St Louis Inc ($330k), Kser Foundation ($330k) and South Valley Civic Theatre ($330k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.1% and program service revenue 82% of the total. At year end it held assets of $1.1m against liabilities of $659k, net assets of $453k. It reported 6 employees.