Armenian Community Center of Greater Detroit

Analysis

Armenian Community Center of Greater Detroit is a registered charity in United States, based in Dearborn, MI. It received its IRS tax-exemption ruling in February 1979, 47 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 Community Center of Greater Detroit reported income of $1.0m and spending of $530k, leaving 49% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $468k to $1.0m (+121%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 108%. Over the whole period it spent 54% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Armenian Community Center of Greater Detroit 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 80th percentile, and in the 80th percentile within MI. Charities of a similar size with the same main cause include Chicago Debate Commission ($1.0m), Accreditation Commission for Acupuncture and Oriental Medicine ($1.0m) and Friends of Namal Inc ($1.0m).

Other salaries and wages came to $39k. At year end it held assets of $6.6m against liabilities of $1.9m, net assets of $4.7m. It reported 1 employees.