Armenian American Museum and Cultural Center of California

Analysis

Armenian American Museum and Cultural Center of California is a registered charity in United States, based in Glendale, CA. It received its IRS tax-exemption ruling in December 2014, 12 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 American Museum and Cultural Center of California reported income of $3.3m and spending of $964k, leaving 71% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $13.1m to $3.3m (-75%), an average of -29% a year. The sharpest change came in the year to December 2021, when income rose by 6253%. Over the whole period it spent 7.8% 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 American Museum and Cultural Center of California sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include American Friends of Zichron Nechama Inc ($3.3m), Whitaker Center for Science and the Arts ($3.3m) and Classical Theatre of Harlem ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% of the total. Compensation of current officers, directors and key employees was $120k (12% of expenses). Other salaries and wages came to $106k. At year end it held assets of $42.4m against liabilities of $239k, net assets of $42.1m. It reported 5 employees.