Armenian General Benvolent Union

Analysis

Armenian General Benvolent Union is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 1959, 67 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 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 General Benvolent Union reported income of $576k and spending of $363k, leaving 37% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $602k to $576k (-4.3%), an average of -1.4% a year. The sharpest change came in the year to December 2023, when income rose by 455%. Over the whole period it spent 55% 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 General Benvolent Union sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include Culturehub ($576k), Backstage Theatre Inc ($576k) and Elizabeth Youth Theater Ensemble ($576k).

At year end it held assets of $13.5m against liabilities of $0, net assets of $13.5m.