Cultural Society of Armenians From Istanbul

Analysis

Cultural Society of Armenians From Istanbul is a registered charity in United States, based in Southfield, MI. It received its IRS tax-exemption ruling in November 1964, 62 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 April 2024, Cultural Society of Armenians From Istanbul reported income of $111k and spending of $116k, spending 104% of its income. Across the 5 years on record, from April 2020 to April 2024, income fell from $334k to $111k (-67%), an average of -24% a year. The sharpest change came in the year to April 2024, when income rose by 166%. Over the whole period it spent 50% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cultural Society of Armenians From Istanbul sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within MI. Charities of a similar size with the same main cause include Resonance Collective ($111k), Vernon Community Arts Center Inc ($111k) and Chapman Hyperlocal Media Inc ($111k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 10% of the total. At year end it held assets of $806k against liabilities of $0, net assets of $806k.