Armenian Fairytales Inc

Analysis

Armenian Fairytales Inc is a registered charity in United States, based in Glendale, CA. It received its IRS tax-exemption ruling in February 2000, 26 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 2023, Armenian Fairytales Inc reported income of $211k and spending of $257k, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $240k to $211k (-12%), an average of -3.1% a year. The sharpest change came in the year to December 2020, when income dropped by 55%. Over the whole period it spent 116% 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 Fairytales Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 57th percentile within CA. Charities of a similar size with the same main cause include Alliance for American Quilts Inc ($211k), Carmel Music Society ($211k) and Save the Lorraine Foundation ($211k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $16k (6.4% of expenses). At year end it held assets of $233k against liabilities of $421k, net assets of -$188k. It reported 1 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.