Greater Detroit Armenian Senior Citizens Corporation

Analysis

Greater Detroit Armenian Senior Citizens Corporation is a registered charity in United States, based in Dearborn, MI. It received its IRS tax-exemption ruling in June 1979, 47 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Greater Detroit Armenian Senior Citizens Corporation reported income of $1.7m and spending of $1.1m, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.7m (+30%), an average of +6.8% a year. Over the whole period it spent 67% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Greater Detroit Armenian Senior Citizens Corporation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within MI. Charities of a similar size with the same main cause include Chaves County J O Y Center Inc ($1.7m), City of Children Cuidad de Ninos ($1.7m) and Documented Ltd ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 23% of the total. At year end it held assets of $4.8m against liabilities of $431k, net assets of $4.4m.