One Armenia Inc

Analysis

One Armenia Inc is a registered charity in United States, based in Miami Beach, FL. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2022, One Armenia Inc reported income of $1.6m and spending of $2.0m, spending 125% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $219k to $1.6m (+638%), an average of +95% a year. The sharpest change came in the year to December 2020, when income rose by 2251%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, One Armenia Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within FL. Charities of a similar size with the same main cause include Reb Community Development Corporation ($1.6m), The Charitable Foundation of the ($1.6m) and Bighorn Golf Club Charities ($1.6m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $183k (9.1% of expenses). At year end it held assets of $17k against liabilities of $0, net assets of $17k.