Project Save Armenian Photograph Archives Inc
Project Save Armenian Photograph Archives Inc: Preserving Heritage with Fiscal Prudence
EIN: 222661086 · Watertown, MA · Updated: 2026-04-04
Is Project Save Armenian Photograph Archives Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Project Save Armenian Photograph Archives Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Project Save Armenian Photograph Archives Inc
Project Save Armenian Photograph Archives Inc (EIN: 222661086) is a nonprofit organization based in Watertown, MA. The organization reported total revenue of $229K and total assets of $136K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Project Save Armenian Photograph Archives 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 Project Save Armenian Photograph Archives Inc with a Mission Score of 85 out of 100 (Excellent). 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: 75%
- fundraising: 10%
According to IRS 990 filings, Project Save Armenian Photograph Archives Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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, suggesting a volunteer-led organization, which is highly efficient for a nonprofit of this size.
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.
Red Flags
The following concerns were identified during AI analysis of Project Save Armenian Photograph Archives Inc's IRS 990 filings:
- The organization's expenses ($213,084 in 2022) have consistently exceeded its revenue ($159,082 in 2022) in recent years, leading to a decrease in net assets.
Strengths
The following positive indicators were identified for Project Save Armenian Photograph Archives Inc:
- Strong dedication to its mission, as evidenced by consistent operations despite fluctuating revenues.
- Highly efficient with 0% executive compensation, maximizing funds for program delivery.
- Maintains a healthy level of assets ($100,591 in 2022) relative to its annual expenses, providing some financial cushion.
Frequently Asked Questions about Project Save Armenian Photograph Archives Inc
Is Project Save Armenian Photograph Archives Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Project Save Armenian Photograph Archives Inc (EIN: 222661086) some concerns. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
How does Project Save Armenian Photograph Archives Inc spend its money?
Project Save Armenian Photograph Archives Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Project Save Armenian Photograph Archives Inc tax-deductible?
Project Save Armenian Photograph Archives Inc is registered as a tax-exempt nonprofit (EIN: 222661086). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Project Save Armenian Photograph Archives Inc do?
Project Save Armenian Photograph Archives Inc is a nonprofit organization in the Unknown sector, located in Watertown, Massachusetts. It is classified under NTEE code Unknown.
How much revenue does Project Save Armenian Photograph Archives Inc have?
Project Save Armenian Photograph Archives Inc reported total revenue of $228,512. Based on 12 IRS 990 filings on record.
What are Project Save Armenian Photograph Archives Inc's total assets?
Project Save Armenian Photograph Archives Inc holds total assets of $135,515 as reported in IRS 990 filings.
Where is Project Save Armenian Photograph Archives Inc located?
Project Save Armenian Photograph Archives Inc is based in Watertown, Massachusetts.
What is Project Save Armenian Photograph Archives Inc's EIN?
Project Save Armenian Photograph Archives Inc's Employer Identification Number (EIN) is 222661086. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Project Save Armenian Photograph Archives Inc?
Project Save Armenian Photograph Archives Inc is classified under NTEE code Unknown (Unknown).
Is Project Save Armenian Photograph Archives Inc a registered 501(c)(3)?
Project Save Armenian Photograph Archives Inc appears in IRS records (EIN: 222661086). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Project Save Armenian Photograph Archives Inc file IRS Form 990?
Yes, Project Save Armenian Photograph Archives Inc has 12 IRS Form 990 filings on record. The most recent covers tax period 202212.
What was Project Save Armenian Photograph Archives Inc's revenue in 2022?
In the 202212 filing period, Project Save Armenian Photograph Archives Inc reported total revenue of $159,082, total expenses of $213,084, and net assets of $100,591.
Is Project Save Armenian Photograph Archives Inc's revenue growing or declining?
Project Save Armenian Photograph Archives Inc's revenue is declining. Revenue went from $250,000 (202112) to $159,082 (202212), a -36.4% change. Based on 12 filings on record.
What is Project Save Armenian Photograph Archives Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Project Save Armenian Photograph Archives Inc covers tax period 202212. It shows revenue of $159,082, expenses of $213,084, total assets of $100,591, and liabilities of $2,077.
How much does Project Save Armenian Photograph Archives Inc spend on programs vs administration?
Based on IRS 990 analysis, Project Save Armenian Photograph Archives Inc allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Project Save Armenian Photograph Archives Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Project Save Armenian Photograph Archives Inc appears trustworthy. Mission Score: 85/100 (Excellent). 1 red flag identified. 3 strengths noted.
What are the red flags for Project Save Armenian Photograph Archives Inc?
The following concerns were identified: The organization's expenses ($213,084 in 2022) have consistently exceeded its revenue ($159,082 in 2022) in recent years, leading to a decrease in net assets.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Project Save Armenian Photograph Archives Inc's strengths?
Positive indicators for Project Save Armenian Photograph Archives Inc include: Strong dedication to its mission, as evidenced by consistent operations despite fluctuating revenues.. Highly efficient with 0% executive compensation, maximizing funds for program delivery.. Maintains a healthy level of assets ($100,591 in 2022) relative to its annual expenses, providing some financial cushion.. These findings are derived from AI analysis of the organization's financial filings.
How does Project Save Armenian Photograph Archives Inc compensate executives?
Executive compensation is reported as $0 across all available filings, suggesting a volunteer-led organization, which is highly efficient for a nonprofit of this size. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does Project Save Armenian Photograph Archives Inc sustain its operations given the consistent deficit spending observed in recent years?
While recent years show expenses exceeding revenue (e.g., 2022: revenue $159,082, expenses $213,084), the organization has maintained a substantial asset base ($100,591 in 2022), likely drawing from accumulated reserves or prior years' surpluses to cover shortfalls.
What strategies does the organization employ to maintain a 0% executive compensation model?
The consistent reporting of $0 for executive compensation suggests a leadership structure heavily reliant on volunteer efforts, potentially including its board members and key operational roles, which significantly reduces overhead costs.
Filing History
IRS 990 filing history for Project Save Armenian Photograph Archives Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Project Save Armenian Photograph Archives Inc's revenue has grown by 28%, moving from $124K to $159K. Total assets decreased by 4.9% over the same period, from $106K to $101K. Total functional expenses rose by 66.5%, from $128K to $213K. In its most recent filing year (2022), Project Save Armenian Photograph Archives Inc reported a deficit of $54K, with expenses exceeding revenue. The organization holds $2K in liabilities against $101K in assets (debt-to-asset ratio: 2.1%), resulting in net assets of $99K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2022 | $159K | $213K | $101K | $2K | — | View 990 |
| 2021 | $250K | $206K | $156K | $2K | — | View 990 |
| 2020 | $144K | $174K | $139K | $29K | — | View 990 |
| 2019 | $178K | $196K | $149K | $9K | — | View 990 |
| 2018 | $165K | $193K | $164K | $5K | — | View 990 |
| 2017 | $205K | $192K | $192K | $6K | — | — |
| 2016 | $166K | $188K | $180K | $6K | — | View 990 |
| 2015 | $282K | $170K | $203K | $6K | — | View 990 |
| 2014 | $107K | $146K | $94K | $10K | — | View 990 |
| 2013 | $161K | $135K | $134K | $10K | — | View 990 |
| 2012 | $135K | $131K | $103K | $6K | — | View 990 |
| 2011 | $124K | $128K | $106K | $12K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $159K, expenses of $213K, and assets of $101K (revenue -36.4% year-over-year).
- 2021: Revenue of $250K, expenses of $206K, and assets of $156K (revenue +74.1% year-over-year).
- 2020: Revenue of $144K, expenses of $174K, and assets of $139K (revenue -19.3% year-over-year).
- 2019: Revenue of $178K, expenses of $196K, and assets of $149K (revenue +7.6% year-over-year).
- 2018: Revenue of $165K, expenses of $193K, and assets of $164K (revenue -19.2% year-over-year).
- 2017: Revenue of $205K, expenses of $192K, and assets of $192K (revenue +23.2% year-over-year).
- 2016: Revenue of $166K, expenses of $188K, and assets of $180K (revenue -41.1% year-over-year).
- 2015: Revenue of $282K, expenses of $170K, and assets of $203K (revenue +163.7% year-over-year).
- 2014: Revenue of $107K, expenses of $146K, and assets of $94K (revenue -33.5% year-over-year).
- 2013: Revenue of $161K, expenses of $135K, and assets of $134K (revenue +19.1% year-over-year).
- 2012: Revenue of $135K, expenses of $131K, and assets of $103K (revenue +8.8% year-over-year).
- 2011: Revenue of $124K, expenses of $128K, and assets of $106K.
Data Sources and Methodology
This transparency report for Project Save Armenian Photograph Archives 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.