United Armenian Charities Inc
- Assets
- $28.3m
- Revenue
- $1.5m
- Investments
- $26.8m
- Employees
- 0
- Location
- New York, NY
- Founding
- 01/1952
- Data as of
- 12/2022
- EIN
- 13-6125023
Organization Overview
United Armenian Charities Inc is located in New York, NY. The organization was established in 1952. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United Armenian Charities Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, United Armenian Charities Inc generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $1.9m during the year ending 12/2022. While expenses have increased by 4.5% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, United Armenian Charities Inc has awarded 130 individual grants totaling $4,724,246. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melanie Dadourian Trustee | 1 | $0 | |
Stephen Dadourian Trustee | 1 | $0 | |
Heather Weber Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $946,348 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $565,908 |
| Capital Gain Net Income | $565,908 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $17,384 |
| Total Revenue | $1,529,640 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25,353 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,253 |
| Total operating and administrative expenses | $300,947 |
| Contributions, gifts, grants paid | $1,640,309 |
| Total expenses and disbursements | $1,941,256 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,528,134 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $8,670,291 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $13,691 |
| Total assets | $28,340,316 |
| Accounts payable and accrued expenses | $1,596 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,596 |
Grants Awarded
Over the last fiscal year, United Armenian Charities Inc has awarded $1,640,309 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
AGBU PURPOSE: EDUCATIONAL, CULTURAL AND HUMANITARIAN ARMENIAN PROGRAMS | $50,000 |
AGBU PURPOSE: AID FOR ARTS | $25,000 |
ARMENIAN AMERICAN MUSEUM PURPOSE: TO PROMOTE UNDERSTANDING AND APPRECIATION OF AMERICAS ETHNIC AND CULTURAL DIVERSITY BY SHARING THE ARMENIAN AMERICAN EXPERIENCE | $35,000 |
ARMENIAN BASKETBALL INC PURPOSE: EDUCATIONAL, CULTURAL AND HUMANITARIAN ARMENIAN PROGRAMS | $4,000 |
ARMENIAN CHURCH ENDOWMENT FUND- PURPOSE: ENDOWMENT | $10,000 |
ARMENIAN CHURCH ENDOWMENT FUND- PURPOSE: ENDOWMENT | $50,000 |