Armenian Cultural Foundation

Analysis

Armenian Cultural Foundation is a registered charity in United States, based in Montrose, CA. It received its IRS tax-exemption ruling in September 1976, 50 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 July 2023, Armenian Cultural Foundation reported income of $1.7m and spending of $1.9m, spending 114% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income fell from $2.0m to $1.7m (-15%), an average of -3.9% a year. The sharpest change came in the year to July 2020, when income dropped by 35%. Over the whole period it spent 103% 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 Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Lexington Leadership Foundation Inc ($1.7m), Paramount Theatre for the Performing Arts Inc ($1.7m) and Science Teachers Association of Texas ($1.7m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 75% of the total. At year end it held assets of $13.2m against liabilities of $7.9m, net assets of $5.3m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.