Organization of Istanbul Armenians

Analysis

Organization of Istanbul Armenians is a registered charity in United States, based in Winnetka, CA. It received its IRS tax-exemption ruling in May 1985, 41 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 December 2022, Organization of Istanbul Armenians reported income of $95k and spending of $106k, spending 111% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $186k to $95k (-49%), an average of -20% a year. The sharpest change came in the year to December 2021, when income rose by 131%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Organization of Istanbul Armenians sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 38th percentile within CA. Charities of a similar size with the same main cause include Heartland Research Inc ($95k), Collaborative Arts Institute of Chicago ($95k) and African American Veterans Monument Inc ($95k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 101% of the total. Other salaries and wages came to $22k. At year end it held assets of $2.8m against liabilities of $6,994, net assets of $2.8m. It reported 1 employees.