American University of Armenia Corporation

Analysis

American University of Armenia Corporation is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in November 1991, 35 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, American University of Armenia Corporation reported income of $10.4m and spending of $8.4m, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.8m to $10.4m (+79%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 111%. Over the whole period it spent 63% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, American University of Armenia Corporation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Point Loma Nazarene University Foundation ($10.3m), Atlantic Christian Academy of the Palm Beaches Inc ($10.4m) and International Institute for Restorative Practices ($10.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $642k (7.6% of expenses). Other salaries and wages came to $550k. At year end it held assets of $122.9m against liabilities of $45k, net assets of $122.8m. It reported 11 employees.