Armenian Evangelical Schools of California Inc

Analysis

Armenian Evangelical Schools of California Inc is a registered charity in United States, based in Sherman Oaks, CA. It received its IRS tax-exemption ruling in August 1987, 39 years ago. 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, Armenian Evangelical Schools of California Inc reported income of $3.6m and spending of $3.2m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.6m to $3.6m (+41%), an average of +8.9% a year. The sharpest change came in the year to June 2022, when income rose by 35%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Armenian Evangelical Schools of California Inc 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 90th percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Boys & Girls Clubs Inc ($3.6m), Opportunity School Inc ($3.6m) and Nantucket Atheneum ($3.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.4% and program service revenue 91% of the total. Other salaries and wages came to $2.4m. At year end it held assets of $5.3m against liabilities of $301k, net assets of $5.0m. It reported 39 employees.