Armenian American Medical Assoc Inc

Analysis

Armenian American Medical Assoc Inc is a registered charity in United States, based in Wellesley, MA. It received its IRS tax-exemption ruling in December 2019, 7 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Armenian American Medical Assoc Inc reported income of $69k and spending of $110k, spending 158% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $103k to $69k (-33%), an average of -33% a year. The sharpest change came in the year to December 2023, when income dropped by 33%. Over the whole period it spent 131% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Armenian American Medical Assoc Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 36th percentile within MA. Charities of a similar size with the same main cause include Oregon Nurses Foundation ($69k), Caring Together Inc ($69k) and Chinese American Nurses Association Cana Inc ($69k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $192k against liabilities of $0, net assets of $192k.