Hamazkayin Armenian Educational & Cultural Society Inc
Hamazkayin Armenian Society: Consistent Revenue, Strong Asset Base
EIN: 222553565 · Watertown, MA · NTEE: A23 · Updated: 2026-04-04
Is Hamazkayin Armenian Educational & Cultural Society Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hamazkayin Armenian Educational & Cultural Society Inc directs 83% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hamazkayin Armenian Educational & Cultural Society Inc
Hamazkayin Armenian Educational & Cultural Society Inc (EIN: 222553565) is a nonprofit organization based in Watertown, MA, classified under NTEE code A23. The organization reported total revenue of $196K and total assets of $664K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hamazkayin Armenian Educational & Cultural Society 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 Hamazkayin Armenian Educational & Cultural Society 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: 10%
- programs: 83%
- fundraising: 7%
According to IRS 990 filings, Hamazkayin Armenian Educational & Cultural Society Inc allocates its expenses as follows: admin: 10%, programs: 83%, fundraising: 7%. With 83% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, indicating a volunteer-led or very low-paid leadership structure.
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 Hamazkayin Armenian Educational & Cultural Society Inc:
- Strong asset base of $663,521 in 2023, significantly exceeding annual revenue.
- Consistent revenue generation over the past several years, with a notable increase in 2023 to $195,851.
- Low administrative and fundraising overhead based on available expense data.
Frequently Asked Questions about Hamazkayin Armenian Educational & Cultural Society Inc
Is Hamazkayin Armenian Educational & Cultural Society Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hamazkayin Armenian Educational & Cultural Society Inc (EIN: 222553565) appears legitimate. Mission Score: 75/100. 0 red flags identified, 3 strengths noted.
How does Hamazkayin Armenian Educational & Cultural Society Inc spend its money?
Hamazkayin Armenian Educational & Cultural Society Inc directs 83% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hamazkayin Armenian Educational & Cultural Society Inc tax-deductible?
Hamazkayin Armenian Educational & Cultural Society Inc is registered as a tax-exempt nonprofit (EIN: 222553565). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Hamazkayin Armenian Educational & Cultural Society Inc do?
Hamazkayin Armenian Educational & Cultural Society Inc is a nonprofit organization in the Arts, Culture & Humanities sector, located in Watertown, Massachusetts. It is classified under NTEE code A23.
How much revenue does Hamazkayin Armenian Educational & Cultural Society Inc have?
Hamazkayin Armenian Educational & Cultural Society Inc reported total revenue of $195,851. Based on 16 IRS 990 filings on record.
What are Hamazkayin Armenian Educational & Cultural Society Inc's total assets?
Hamazkayin Armenian Educational & Cultural Society Inc holds total assets of $663,521 as reported in IRS 990 filings.
Where is Hamazkayin Armenian Educational & Cultural Society Inc located?
Hamazkayin Armenian Educational & Cultural Society Inc is based in Watertown, Massachusetts.
What is Hamazkayin Armenian Educational & Cultural Society Inc's EIN?
Hamazkayin Armenian Educational & Cultural Society Inc's Employer Identification Number (EIN) is 222553565. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Hamazkayin Armenian Educational & Cultural Society Inc?
Hamazkayin Armenian Educational & Cultural Society Inc is classified under NTEE code A23 (Arts, Culture & Humanities).
Is Hamazkayin Armenian Educational & Cultural Society Inc a registered 501(c)(3)?
Yes, Hamazkayin Armenian Educational & Cultural Society Inc is recognized as a tax-exempt organization by the IRS. EIN: 222553565.
Does Hamazkayin Armenian Educational & Cultural Society Inc file IRS Form 990?
Yes, Hamazkayin Armenian Educational & Cultural Society Inc has 16 IRS Form 990 filings on record. The most recent covers tax period 202304.
What was Hamazkayin Armenian Educational & Cultural Society Inc's revenue in 2023?
In the 202304 filing period, Hamazkayin Armenian Educational & Cultural Society Inc reported total revenue of $449,102, total expenses of $371,665, and net assets of $481,027.
Is Hamazkayin Armenian Educational & Cultural Society Inc's revenue growing or declining?
Hamazkayin Armenian Educational & Cultural Society Inc's revenue is growing. Revenue went from $100,768 (202204) to $449,102 (202304), a +345.7% change. Based on 16 filings on record.
What is Hamazkayin Armenian Educational & Cultural Society Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Hamazkayin Armenian Educational & Cultural Society Inc covers tax period 202304. It shows revenue of $449,102, expenses of $371,665, total assets of $481,027, and liabilities of N/A.
How much does Hamazkayin Armenian Educational & Cultural Society Inc spend on programs vs administration?
Based on IRS 990 analysis, Hamazkayin Armenian Educational & Cultural Society Inc allocates approximately 83% of expenses to program services, 10% to administrative costs, and 7% to fundraising. This indicates strong program focus.
Is Hamazkayin Armenian Educational & Cultural Society Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Hamazkayin Armenian Educational & Cultural Society Inc appears trustworthy. Mission Score: 75/100 (Good). No red flags identified. 3 strengths noted.
What are Hamazkayin Armenian Educational & Cultural Society Inc's strengths?
Positive indicators for Hamazkayin Armenian Educational & Cultural Society Inc include: Strong asset base of $663,521 in 2023, significantly exceeding annual revenue.. Consistent revenue generation over the past several years, with a notable increase in 2023 to $195,851.. Low administrative and fundraising overhead based on available expense data.. These findings are derived from AI analysis of the organization's financial filings.
How does Hamazkayin Armenian Educational & Cultural Society Inc compensate executives?
Executive compensation is reported as $0 across all available filings, indicating a volunteer-led or very low-paid leadership structure. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the organization sustain its operations with reported $0 executive compensation?
The organization likely relies heavily on volunteer efforts for its leadership and administrative functions, or compensation is covered by a related entity not reflected in these specific filings.
What is the primary source of the significant asset base relative to annual revenue?
The substantial asset base of $663,521 suggests a history of successful fundraising, donations, or potentially significant endowments and investments that have accumulated over time, rather than solely relying on annual program revenue.
Filing History
IRS 990 filing history for Hamazkayin Armenian Educational & Cultural Society Inc showing financial trends over 16 years of public records:
Over 16 years of IRS 990 filings (2008–2023), Hamazkayin Armenian Educational & Cultural Society Inc's revenue has grown by 4020.6%, moving from $11K to $449K. Total assets increased by 3508.9% over the same period, from $13K to $481K. Total functional expenses rose by 4100.1%, from $9K to $372K. In its most recent filing year (2023), Hamazkayin Armenian Educational & Cultural Society Inc reported a surplus of $77K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $449K | $372K | $481K | $0 | — | View 990 |
| 2022 | $101K | $114K | $404K | $370 | — | View 990 |
| 2021 | $66K | $66K | $417K | $370 | — | View 990 |
| 2020 | $166K | $131K | $417K | $370 | — | View 990 |
| 2019 | $371K | $451K | $382K | $0 | — | View 990 |
| 2018 | $380K | $305K | $462K | $0 | — | View 990 |
| 2017 | $353K | $320K | $382K | $0 | — | View 990 |
| 2016 | $189K | $199K | $344K | $0 | — | View 990 |
| 2015 | $269K | $194K | $329K | $0 | — | View 990 |
| 2014 | $259K | $219K | $75K | $0 | — | View 990 |
| 2013 | $184K | $182K | $35K | $0 | — | View 990 |
| 2012 | $24K | $3K | $32K | $0 | — | View 990 |
| 2011 | $46K | $40K | $12K | $0 | — | View 990 |
| 2010 | $20K | $27K | $5K | $0 | — | View 990 |
| 2009 | $6K | $7K | $12K | $0 | — | View 990 |
| 2008 | $11K | $9K | $13K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $449K, expenses of $372K, and assets of $481K (revenue +345.7% year-over-year).
- 2022: Revenue of $101K, expenses of $114K, and assets of $404K (revenue +53.6% year-over-year).
- 2021: Revenue of $66K, expenses of $66K, and assets of $417K (revenue -60.5% year-over-year).
- 2020: Revenue of $166K, expenses of $131K, and assets of $417K (revenue -55.2% year-over-year).
- 2019: Revenue of $371K, expenses of $451K, and assets of $382K (revenue -2.5% year-over-year).
- 2018: Revenue of $380K, expenses of $305K, and assets of $462K (revenue +7.6% year-over-year).
- 2017: Revenue of $353K, expenses of $320K, and assets of $382K (revenue +86.7% year-over-year).
- 2016: Revenue of $189K, expenses of $199K, and assets of $344K (revenue -29.7% year-over-year).
- 2015: Revenue of $269K, expenses of $194K, and assets of $329K (revenue +3.9% year-over-year).
- 2014: Revenue of $259K, expenses of $219K, and assets of $75K (revenue +40.5% year-over-year).
- 2013: Revenue of $184K, expenses of $182K, and assets of $35K (revenue +678.6% year-over-year).
- 2012: Revenue of $24K, expenses of $3K, and assets of $32K (revenue -49.0% year-over-year).
- 2011: Revenue of $46K, expenses of $40K, and assets of $12K (revenue +130.5% year-over-year).
- 2010: Revenue of $20K, expenses of $27K, and assets of $5K (revenue +243.9% year-over-year).
- 2009: Revenue of $6K, expenses of $7K, and assets of $12K (revenue -46.2% year-over-year).
- 2008: Revenue of $11K, expenses of $9K, and assets of $13K.
Data Sources and Methodology
This transparency report for Hamazkayin Armenian Educational & Cultural Society 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.