Advance Armenia Foundation

Analysis

Advance Armenia Foundation is a registered charity in United States, based in Clovis, CA. It received its IRS tax-exemption ruling in November 2019, 7 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, Advance Armenia Foundation reported income of $2.5m and spending of $1.2m, leaving 53% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $273k to $2.5m (+822%), an average of +110% a year. The sharpest change came in the year to December 2023, when income rose by 729%. Over the whole period it spent 51% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Advance Armenia Foundation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Joni and Friends Foundation ($2.5m), Foundation for Management Education in Central America ($2.5m) and LRBT USA Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m.