Armenian Society of Los Angeles

Analysis

Armenian Society of Los Angeles is a registered charity in United States, based in Glendale, CA. It received its IRS tax-exemption ruling in August 1982, 44 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 February 2024, Armenian Society of Los Angeles reported income of $241k and spending of $358k, spending 149% of what it took in. Across the 6 years on record, from February 2019 to February 2024, income fell from $457k to $241k (-47%), an average of -12% a year. The sharpest change came in the year to February 2022, when income rose by 175%. Over the whole period it spent 126% 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 Society of Los Angeles sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 60th percentile within CA. Charities of a similar size with the same main cause include Southeastern Planetarium Association ($241k), Greenwich Choral Society Inc ($241k) and Over-The-Rhine Museum ($241k).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 12% and program service revenue 88% of the total. Other salaries and wages came to $89k. At year end it held assets of $2.5m against liabilities of $592k, net assets of $1.9m. It reported 3 employees.

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.