Creative Armenia FY2024 filing
Nurtures emerging talent in film, music, and all arts by supporting creative artists. For fiscal year 2024 it reported $82K in revenue, $134K in expenses, and $49K in net assets.Pt I
- Founded
- 2016
- Type
- Public charity (501(c)(3)) · International
- Location
- Los Angeles, CA
- Website
- www.creativearmenia.org
- Filings
- 6 on file (2020–2024)
More identity details & actions ⌄
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Summary of the Filing
Where the work happens
Artist Promotion
A program of support for more than a hundred artists who belong to the creative armenia network. The program includes grants called spark grants, as well as a variety of other promotional and career growth benefits.
East-West Residency
A creative residency for cutting-edge artists.
Fiscal Sponsorship
A program by which filmmakers, musicians, and other artists raise interest and funds for their creative projects, by asking donors to contribute via creative armenia, which retains an industry-standard fee, then passes on the donation to the artist HIM/HERSELF.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Garin Hovannisian’s $41K as President is at the 37th percentile of top reported officer pay among 1637 $100K–1M international nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Garin Hovannisian | $40,625 | $48,750 | $97,500 | $97,500 | $97,500 | $82,500 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 85% | — | — |
| Overhead ratio | 15% | — | — |
| Fundraising cost ratio | 0.1% | — | — |
| Revenue growth | 24% | — | — |
| Accounting fee ratio | 3% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Grants
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Filings & Schedule Manifest
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Sources
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