Armenian Home of New York Inc

Analysis

Armenian Home of New York Inc is a registered charity in United States, based in Forest Hills, NY. It received its IRS tax-exemption ruling in November 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Armenian Home of New York Inc reported income of $448k and spending of $125k, leaving 72% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $14.1m to $448k (-97%), an average of -82% a year. The sharpest change came in the year to December 2022, when income dropped by 97%. Over the whole period it spent 6.2% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Armenian Home of New York Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Coalition for Health Funding ($448k), Beacon Hill Foundation ($448k) and Dubai Harvard Foundation for Medical Research Inc ($448k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% of the total. At year end it held assets of $13.8m against liabilities of $0, net assets of $13.8m.