Friends of Armenia

Analysis

Friends of Armenia is a registered charity in United States, based in Encino, CA. It received its IRS tax-exemption ruling in December 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of Armenia reported income of $95k and spending of $55k, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $212k to $95k (-55%), an average of -18% a year. The sharpest change came in the year to December 2022, when income dropped by 52%. Over the whole period it spent 92% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Friends of Armenia sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 38th percentile within CA. Charities of a similar size with the same main cause include Ujala Foundation ($95k), Steps for Life ($95k) and Khush Childrens Home Inc ($95k).

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 $132k against liabilities of $0, net assets of $132k.