Veterans of Armenia

Analysis

Veterans of Armenia is a registered charity in United States, based in Glendale, CA. It received its IRS tax-exemption ruling in February 2021, 5 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Veterans of Armenia reported income of $327k and spending of $306k, spending 94% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $264k to $327k (+24%), an average of +7.5% a year. The sharpest change came in the year to December 2023, when income rose by 15%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Veterans of Armenia 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 63rd percentile, and in the 65th percentile within CA. Charities of a similar size with the same main cause include Howell Township First Aid Squad No 1 ($327k), Riverside Aquatic Club Inc ($327k) and Manitou Art Center ($327k).

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 $120k against liabilities of $0, net assets of $120k.