Friends of Teach for Armenia Incorporated

Analysis

Friends of Teach for Armenia Incorporated is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in July 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Friends of Teach for Armenia Incorporated reported income of $958k and spending of $728k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $202k to $958k (+374%), an average of +48% a year. The sharpest change came in the year to December 2021, when income rose by 87%. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Teach for Armenia Incorporated sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Montessori School of Franklin ($958k), Remnant Academy ($959k) and Pasadena I S D Education Foundation Inc ($958k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.6m against liabilities of $541k, net assets of $1.0m.