St Nersess Armenian Seminary Inc

Analysis

St Nersess Armenian Seminary Inc is a registered charity in United States, based in Armonk, NY. It received its IRS tax-exemption ruling in September 1976, 50 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, St Nersess Armenian Seminary Inc reported income of $1.1m and spending of $1.4m, spending 122% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income grew from $947k to $1.1m (+18%), an average of +4.3% a year. The sharpest change came in the year to May 2021, when income rose by 175%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Nersess Armenian Seminary Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include St Charles Aquatics ($1.1m), Civic League Day Nursery ($1.1m) and Project Learn of Summit County ($1.1m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 52% and program service revenue 2.6% of the total. Compensation of current officers, directors and key employees was $121k (8.8% of expenses). At year end it held assets of $20.0m against liabilities of $18k, net assets of $19.9m. It reported 8 employees.