Armenian Educational Foundation Inc

Analysis

Armenian Educational Foundation Inc is a registered charity in United States, based in Glendale, CA. It received its IRS tax-exemption ruling in September 1995, 31 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Armenian Educational Foundation Inc reported income of $2.4m and spending of $2.0m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $2.4m (+96%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 75%. Over the whole period it spent 82% 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 Educational Foundation Inc sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Nutmeg Conservatory for the Arts ($2.4m), Historic Hoosier Hills R C & D Inc ($2.4m) and San Antonio Philharmonic ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. Other salaries and wages came to $140k. At year end it held assets of $6.1m against liabilities of $477k, net assets of $5.6m. It reported 1 employees.