Children of Armenia Fund Inc

Analysis

Children of Armenia Fund Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2002, 24 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Children of Armenia Fund Inc reported income of $14.4m and spending of $7.4m, leaving 49% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.7m to $14.4m (+151%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 165%. Over the whole period it spent 68% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Children of Armenia Fund Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Junior Achievement USA ($14.3m), Center for New American Security Inc ($14.4m) and Kailash Satyarthi Childrens Foundation of America Inc ($14.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $553k. At year end it held assets of $16.4m against liabilities of $156k, net assets of $16.3m.