Armenian Media Network

Analysis

Armenian Media Network is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in July 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Armenian Media Network reported income of $1.0m and spending of $831k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $1.0m (-15%), an average of -4.0% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Armenian Media Network sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Olentangy Berlin Athletic Boosters ($1.0m), Altus Christian Academy Inc ($1.0m) and Altoona Area School District Foundation ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 73% of the total. Other salaries and wages came to $417k. At year end it held assets of $317k against liabilities of $596k, net assets of -$278k.