Armenia Fund Inc

Analysis

Armenia Fund Inc is a registered charity in United States, based in Glendale, CA. It received its IRS tax-exemption ruling in January 1995, 31 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 2023, Armenia Fund Inc reported income of $478k and spending of $14.9m, spending 3116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.8m to $478k (-74%), an average of -28% a year. The sharpest change came in the year to December 2020, when income rose by 7023%. Over the whole period it spent 70% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Armenia Fund Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include The Snow Foundation ($477k), Main Street Keokuk Inc ($478k) and American Friends of Birkat Efraim ($477k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 312% of the total. Other salaries and wages came to $205k. At year end it held assets of $44.8m against liabilities of $79k, net assets of $44.7m. It reported 2 employees.