Hamazkayin Armenian Educational and Cultural Endowment Fund

Analysis

Hamazkayin Armenian Educational and Cultural Endowment Fund is a registered charity in United States, based in Glendale, CA. It received its IRS tax-exemption ruling in February 2012, 14 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Hamazkayin Armenian Educational and Cultural Endowment Fund reported income of $248k and spending of $302k, spending 122% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $24k to $248k (+932%), an average of +118% a year. The sharpest change came in the year to December 2021, when income rose by 275%. Over the whole period it spent 133% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hamazkayin Armenian Educational and Cultural Endowment Fund sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 60th percentile within CA. Charities of a similar size with the same main cause include Faith Food Pantry of Newtown Inc ($248k), Community for Christ Assistance Center ($248k) and Waco Downtown Farmers Market ($248k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $352k against liabilities of $0, net assets of $352k.