Impact Hub Armenia Inc

Analysis

Impact Hub Armenia Inc is a registered charity in United States, based in Encino, CA. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Impact Hub Armenia Inc reported income of $114k and spending of $119k, spending 105% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $318k to $114k (-64%), an average of -29% a year. The sharpest change came in the year to December 2021, when income dropped by 74%. Over the whole period it spent 100% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Impact Hub Armenia Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 42nd percentile within CA. Charities of a similar size with the same main cause include Humanist Political Culture and Democracy Corp ($114k), US - China Legal Exchange Foundation Inc ($114k) and Arise and Rebuild Ministries ($114k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $453 against liabilities of $0, net assets of $453.