Philanthropy & Grantmaking (T50) IRS Verified DX Registered 990 on File

ARMENIA FUND INC

EIN: 95-4485698 · GLENDALE, CA 91203-2367 · United States · FY 2023 Data

3 out of 5 52 / 100 Based on 2+ years of filings

Financial strength (30%) 70/100

Reliability (20%) 55/100

Effectiveness (25%) 78/100

Impact (25%) No data yet

Financial data: FY 2023 · Scored 9/13/2026

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Mission Statement

Armenia Fund is the largest humanitarian organization serving the needs of the Republic of Armenia and the Artsakh Republic. Our mission is to connect the people of Armenia with the worldwide Armenian Diaspora to create a better homeland for the Armenian nation.

Financial Overview — FY 2023

$478K

Total Revenue

$14.9M

Total Expenses

$44.7M

Net Assets

Employees

Revenue Sources

Expense Breakdown

Program Expense Ratio 92.1%

Fundraising Efficiency N/A

Operating Reserve 36.04x

Liability-to-Asset 0.2%

Revenue Diversification 312.5%

Compared with Peers

FY 2023

Compared with 1,312 similar organizations (United States, Philanthropy & Grantmaking, $10M–$100M in expenses), FY 2023.

This organization Middle half of peers (P25–P75) Peer median

Ratio	This org	Peer median	Position (P10 → P90)
Program expense ratio Program expenses / total expenses · higher is better	92.1%	92.2%	P10P90	Below median
Admin expense ratio Management and general / total expenses · lower is better	1.8%	6.3%	P10P90	Top quarter
Fundraising expense ratio Fundraising expenses / total expenses · lower is better	6.1%	2.2%	P10P90	Bottom quarter
Operating reserve Months of expenses covered by net assets · higher is better	36.0 mo	71.3 mo	P10P90	Below median
Liabilities to assets Total liabilities / total assets · lower is better	0.2%	2.3%	P10P90	Above median
Revenue concentration Share of revenue from the largest source · lower is better	312.5%	89.9%	P10P90	Bottom quarter
Revenue growth Year over year revenue growth	-67.3%	1.0%	P10P90
Expense growth Year over year expense growth	47.0%	10.7%	P10P90
Surplus margin Surplus as a share of revenue	-3016.0%	-0.5%	P10P90

Financial History

Year	Revenue	Expenses	Net Assets	Program %	Staff
2023	$478K	$14.9M	$44.7M	92.1%	2
2022	$1.5M	$10.1M	$52.3M	89.2%	3
2021	$15.4M	$4.4M	N/A	—	4

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Organization Details

EIN: 95-4485698
State: CA
City: GLENDALE
ZIP: 91203-2367
Classification: T50
Category: Philanthropy & Grantmaking
Rating: 3★
Coverage: A
Last Updated: Aug 2026
IRS Ruling Year
Foundation Code: 15
Form 990: On File

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CharityAI™ rates charities from 0 to 100 using public filings (IRS Form 990 and the equivalent registries outside the US) together with the information the charity itself provides on DonationX. Ratings are recalculated every quarter, without human bias, and shown as stars.

Four pillars

Financial strength30%

Program expense ratio, fundraising efficiency, operating reserves, liabilities and revenue diversification, compared with similar organizations.

Reliability20%

Standing with the registry, filing history, verification and how complete the profile is.

Effectiveness25%

How much goes to programs and how consistently the organization delivers them.

Impact25%

The outcomes the charity reports on DonationX: people served, cost per service and results.

Stars

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