Armenian Cultural Association of New York Inc

Analysis

Armenian Cultural Association of New York Inc is a registered charity in United States, based in Bayside, NY. It received its IRS tax-exemption ruling in November 2019, 7 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 private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Armenian Cultural Association of New York Inc reported income of $221k and spending of $63k, leaving 72% of income unspent that year. The sharpest change came in the year to December 2023, when income dropped by 38%. Over the whole period it spent 20% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Armenian Cultural Association of New York Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within NY. Charities of a similar size with the same main cause include The Stage Oconee Inc ($221k), Wyoming Historical Society ($221k) and Queens Historical Society ($221k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.3% of the total. At year end it held assets of $10.7m against liabilities of $0, net assets of $10.7m.