Friends of Holy Etchmiadzin Inc

Analysis

Friends of Holy Etchmiadzin Inc is a registered charity in United States, based in Ridgefield PK, NJ. It received its IRS tax-exemption ruling in July 2003, 23 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Friends of Holy Etchmiadzin Inc reported income of $2.8m and spending of $2.4m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $2.8m (+171%), an average of +28% a year. The sharpest change came in the year to December 2020, when income rose by 252%. Over the whole period it spent 46% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends of Holy Etchmiadzin Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NJ. Charities of a similar size with the same main cause include Gallatin Ice Foundation Inc ($2.8m), Schoolseed Foundation ($2.8m) and United Way of Southern Kentucky Inc ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% of the total. At year end it held assets of $10.4m against liabilities of $0, net assets of $10.4m.