Armenian Home Foundation

Analysis

Armenian Home Foundation is a registered charity in United States, based in Westwood, NJ. It received its IRS tax-exemption ruling in June 1994, 32 years ago. 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 March 2024, Armenian Home Foundation reported income of $55k and spending of $219k, spending 397% of what it took in. Across the 6 years on record, from March 2019 to March 2024, income fell from $389k to $55k (-86%), an average of -32% a year. The sharpest change came in the year to March 2023, when income dropped by 59%. Over the whole period it spent 435% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Armenian Home Foundation 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 22nd percentile, and in the 28th percentile within NJ. Charities of a similar size with the same main cause include Jr Falcons Football Club Inc ($55k), PTA New York Congress ($55k) and Winnebago Area Museum ($55k).

At year end it held assets of $1.2m against liabilities of $3,500, net assets of $1.2m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.