Armenian Library And Museum Of America Inc
Armenian Library and Museum of America: Stable Finances, Strong Asset Base
EIN: 222778232 · Watertown, MA · NTEE: A500 · Updated: 2026-04-04
Is Armenian Library And Museum Of America Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Armenian Library And Museum Of America Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Armenian Library And Museum Of America Inc
Armenian Library And Museum Of America Inc (EIN: 222778232) is a nonprofit organization based in Watertown, MA, classified under NTEE code A500. The organization reported total revenue of $3.5M and total assets of $16.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Armenian Library And Museum Of America Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Armenian Library And Museum Of America Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, Armenian Library And Museum Of America Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation is not reported in the available public filings, indicating that no individual received more than $150,000 in reportable compensation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Armenian Library And Museum Of America Inc:
- Consistent asset growth, reaching $16,651,959 in 2023, demonstrates strong financial stewardship.
- Maintained a positive net asset position across all reported years, indicating financial stability.
- Revenue has shown a general upward trend over the past several years, with a notable peak in 2017.
Frequently Asked Questions about Armenian Library And Museum Of America Inc
Is Armenian Library And Museum Of America Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Armenian Library And Museum Of America Inc (EIN: 222778232) appears legitimate. Mission Score: 75/100. 0 red flags identified, 3 strengths noted.
How does Armenian Library And Museum Of America Inc spend its money?
Armenian Library And Museum Of America Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Armenian Library And Museum Of America Inc tax-deductible?
Armenian Library And Museum Of America Inc is registered as a tax-exempt nonprofit (EIN: 222778232). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Armenian Library And Museum Of America Inc do?
Armenian Library And Museum Of America Inc is a nonprofit organization in the Arts, Culture & Humanities sector, located in Watertown, Massachusetts. It is classified under NTEE code A500.
How much revenue does Armenian Library And Museum Of America Inc have?
Armenian Library And Museum Of America Inc reported total revenue of $3,467,494. Based on 13 IRS 990 filings on record.
What are Armenian Library And Museum Of America Inc's total assets?
Armenian Library And Museum Of America Inc holds total assets of $16,651,959 as reported in IRS 990 filings.
Where is Armenian Library And Museum Of America Inc located?
Armenian Library And Museum Of America Inc is based in Watertown, Massachusetts.
What is Armenian Library And Museum Of America Inc's EIN?
Armenian Library And Museum Of America Inc's Employer Identification Number (EIN) is 222778232. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Armenian Library And Museum Of America Inc?
Armenian Library And Museum Of America Inc is classified under NTEE code A500 (Arts, Culture & Humanities).
Is Armenian Library And Museum Of America Inc a registered 501(c)(3)?
Yes, Armenian Library And Museum Of America Inc is recognized as a tax-exempt organization by the IRS. EIN: 222778232.
Does Armenian Library And Museum Of America Inc file IRS Form 990?
Yes, Armenian Library And Museum Of America Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Armenian Library And Museum Of America Inc's revenue in 2023?
In the 202306 filing period, Armenian Library And Museum Of America Inc reported total revenue of $2,186,557, total expenses of $1,503,773, and net assets of $16,272,779.
Is Armenian Library And Museum Of America Inc's revenue growing or declining?
Armenian Library And Museum Of America Inc's revenue is relatively stable. Revenue went from $2,153,609 (202206) to $2,186,557 (202306), a +1.5% change. Based on 13 filings on record.
What is Armenian Library And Museum Of America Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Armenian Library And Museum Of America Inc covers tax period 202306. It shows revenue of $2,186,557, expenses of $1,503,773, total assets of $16,272,779, and liabilities of $78,860.
How much does Armenian Library And Museum Of America Inc spend on programs vs administration?
Based on IRS 990 analysis, Armenian Library And Museum Of America Inc allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Armenian Library And Museum Of America Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Armenian Library And Museum Of America Inc appears trustworthy. Mission Score: 75/100 (Good). No red flags identified. 3 strengths noted.
What are Armenian Library And Museum Of America Inc's strengths?
Positive indicators for Armenian Library And Museum Of America Inc include: Consistent asset growth, reaching $16,651,959 in 2023, demonstrates strong financial stewardship.. Maintained a positive net asset position across all reported years, indicating financial stability.. Revenue has shown a general upward trend over the past several years, with a notable peak in 2017.. These findings are derived from AI analysis of the organization's financial filings.
How does Armenian Library And Museum Of America Inc compensate executives?
Executive compensation is not reported in the available public filings, indicating that no individual received more than $150,000 in reportable compensation. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the significant asset base, what is the long-term strategy for leveraging these assets to expand program reach and impact beyond current levels?
The filings indicate a substantial asset base, but specific strategies for leveraging these assets for program expansion are not detailed. Further inquiry into their strategic plan would be necessary to understand how these resources contribute to future growth and impact.
Filing History
IRS 990 filing history for Armenian Library And Museum Of America Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Armenian Library And Museum Of America Inc's revenue has grown by 226.7%, moving from $669K to $2.2M. Total assets increased by 58.1% over the same period, from $10.3M to $16.3M. Total functional expenses rose by 207.3%, from $489K to $1.5M. In its most recent filing year (2023), Armenian Library And Museum Of America Inc reported a surplus of $683K, with revenue exceeding expenses. The organization holds $79K in liabilities against $16.3M in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $16.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $2.2M | $1.5M | $16.3M | $79K | — | — |
| 2022 | $2.2M | $1.5M | $16.3M | $186K | — | View 990 |
| 2021 | $1.7M | $1.2M | $16.4M | $84K | — | View 990 |
| 2020 | $1.1M | $970K | $14.9M | $170K | — | View 990 |
| 2019 | $1.1M | $1.2M | $14.8M | $32K | — | View 990 |
| 2018 | $839K | $869K | $14.9M | $36K | — | View 990 |
| 2017 | $3.0M | $714K | $14.6M | $7K | — | View 990 |
| 2016 | $635K | $662K | $11.8M | $10K | — | View 990 |
| 2015 | $628K | $619K | $12.1M | $10K | — | View 990 |
| 2014 | $1.1M | $557K | $11.9M | $21K | — | View 990 |
| 2013 | $955K | $574K | $11.2M | $23K | — | View 990 |
| 2012 | $1.1M | $622K | $10.7M | $20K | — | View 990 |
| 2011 | $669K | $489K | $10.3M | $22K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.2M, expenses of $1.5M, and assets of $16.3M (revenue +1.5% year-over-year).
- 2022: Revenue of $2.2M, expenses of $1.5M, and assets of $16.3M (revenue +27.0% year-over-year).
- 2021: Revenue of $1.7M, expenses of $1.2M, and assets of $16.4M (revenue +57.3% year-over-year).
- 2020: Revenue of $1.1M, expenses of $970K, and assets of $14.9M (revenue +1.4% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.2M, and assets of $14.8M (revenue +26.8% year-over-year).
- 2018: Revenue of $839K, expenses of $869K, and assets of $14.9M (revenue -72.1% year-over-year).
- 2017: Revenue of $3.0M, expenses of $714K, and assets of $14.6M (revenue +373.7% year-over-year).
- 2016: Revenue of $635K, expenses of $662K, and assets of $11.8M (revenue +1.1% year-over-year).
- 2015: Revenue of $628K, expenses of $619K, and assets of $12.1M (revenue -42.1% year-over-year).
- 2014: Revenue of $1.1M, expenses of $557K, and assets of $11.9M (revenue +13.6% year-over-year).
- 2013: Revenue of $955K, expenses of $574K, and assets of $11.2M (revenue -12.4% year-over-year).
- 2012: Revenue of $1.1M, expenses of $622K, and assets of $10.7M (revenue +63.0% year-over-year).
- 2011: Revenue of $669K, expenses of $489K, and assets of $10.3M.
Data Sources and Methodology
This transparency report for Armenian Library And Museum Of America Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.