Artsakh Arts & Cultural Foundation

Analysis

Artsakh Arts & Cultural Foundation is a registered charity in United States, based in Glendale, CA. It received its IRS tax-exemption ruling in October 2017, 9 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Artsakh Arts & Cultural Foundation reported income of $51k and spending of $61k, spending 119% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $134k to $51k (-62%), an average of -38% a year. The sharpest change came in the year to December 2022, when income dropped by 62%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Artsakh Arts & Cultural Foundation sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 22nd percentile within CA. Charities of a similar size with the same main cause include Zumix Firehouse Inc ($51k), Historical Tea and Dance Society ($51k) and Opportunity 4 Entertainers and Performing Arts ($51k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 24% of the total. At year end it held assets of $35k against liabilities of $0, net assets of $35k.