Armenian Evangelical Union of North America

Analysis

Armenian Evangelical Union of North America is a registered charity in United States, based in Glendale, CA. It received its IRS tax-exemption ruling in January 1989, 37 years ago. 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 July 2024, Armenian Evangelical Union of North America reported income of $2.8m and spending of $2.2m, leaving 22% of income unspent that year. Across the 6 years on record, from July 2019 to July 2024, income grew from $1.2m to $2.8m (+131%), an average of +18% a year. The sharpest change came in the year to July 2021, when income rose by 86%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Armenian Evangelical Union of North America sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Gretna Public Schools Foundation ($2.8m), Britepaths Inc ($2.8m) and Young Womens Christian Association of Sauk Valley ($2.8m).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 54% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $106k (4.9% of expenses). Other salaries and wages came to $423k. At year end it held assets of $11.9m against liabilities of $190k, net assets of $11.7m. It reported 22 employees.