Knights of Vartan Charities Inc a Ca Non-Profit Public Benefit Corp

Analysis

Knights of Vartan Charities Inc a Ca Non-Profit Public Benefit Corp is a registered charity in United States, based in Arleta, CA. It received its IRS tax-exemption ruling in November 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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 May 2024, Knights of Vartan Charities Inc a Ca Non-Profit Public Benefit Corp reported income of $620k and spending of $226k, leaving 63% of income unspent that year. Across the 4 years on record, from May 2021 to May 2024, income grew from $101k to $620k (+516%), an average of +83% a year. The sharpest change came in the year to May 2023, when income rose by 836%. Over the whole period it spent 34% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Knights of Vartan Charities Inc a Ca Non-Profit Public Benefit Corp sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Trinity Pacific Christian School ($620k), Cottonwood Day School ($620k) and Marcus High School Band Booster Organization ($620k).

On its Form 990 for the period ending May 2024, revenue came from program service revenue 86% of the total. At year end it held assets of $800k against liabilities of $0, net assets of $800k.