Levon Ishtoyan Foundation

Analysis

Levon Ishtoyan Foundation is a registered charity in United States, based in Glendale, CA. It received its IRS tax-exemption ruling in April 2009, 17 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 2023, Levon Ishtoyan Foundation reported income of $342k and spending of $672k, spending 196% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $360k to $342k (-4.9%), an average of -1.2% a year. The sharpest change came in the year to December 2021, when income rose by 15%. Over the whole period it spent 122% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Levon Ishtoyan Foundation 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 64th percentile, and in the 66th percentile within CA. Charities of a similar size with the same main cause include Child Evangelism Fellowship Inc ($342k), Listen to Our Future ($342k) and Level the Playing Field Leadership Academy Inc ($342k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $52k (7.7% of expenses). At year end it held assets of $109k against liabilities of $488k, net assets of -$379k.