Armenian Philharmonic Orchestra Foundation

Analysis

Armenian Philharmonic Orchestra Foundation is a registered charity in United States, based in Burbank, CA. It received its IRS tax-exemption ruling in November 2013, 13 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 (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 Philharmonic Orchestra Foundation reported income of $450k and spending of $401k, spending 89% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $302k to $450k (+49%), an average of +22% a year. The sharpest change came in the year to December 2022, when income rose by 58%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Armenian Philharmonic Orchestra Foundation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within CA. Charities of a similar size with the same main cause include Birmingham Historical Society ($450k), California Bicycle Coalition Education Fund ($450k) and Amarillo Opera ($450k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $200k against liabilities of $0, net assets of $200k.