Fund for Armenian Relief Inc

Analysis

Fund for Armenian Relief Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 1993, 33 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, Fund for Armenian Relief Inc reported income of $8.6m and spending of $5.9m, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.4m to $8.6m (+92%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 135%. Over the whole period it spent 74% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Fund for Armenian Relief Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Madre Inc ($8.5m), United Board for Christian Higher Education in Asia ($8.6m) and Management Technologies International Inc ($8.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $266k (4.5% of expenses). Other salaries and wages came to $908k. At year end it held assets of $27.9m against liabilities of $145k, net assets of $27.8m. It reported 3 employees.