Armenia Artsakh Fund Inc
99% goes to programs $0 to raise $100 Strong reserves Declining revenue
Armenia Artsakh Fund Inc is a 501(c)(3) organization based in Northridge, California, registered in 2015, with $47,936 in FY2022 revenue. CharityIndex grades it C+, and it directs about 99% of spending to programs.
17200 Ballinger St, Northridge, CA, 91325 EIN 47-5298962 Since 2015
Revenue (FY2022)
$48K
▼ 72.6% vs prior year
International median: $227K
Expenses (FY2022)
$43K
Net assets
$24K
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →A+Program efficiency40% of the rating99% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Armenia Artsakh Fund Inc: 99% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating7 mo reserves · +11% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Armenia Artsakh Fund Inc: 7 mo reserves · +11% margin earns a A on this criterion. See the exact thresholds →
DGovernance25% of the rating1 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Armenia Artsakh Fund Inc: 1 of 6 checks met earns a D on this criterion. See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Armenia Artsakh Fund Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
To bring aid to indigent persons residing in armenia
Contact & location
- Address
- 17200 Ballinger St, Northridge, CA, 91325
- City
- Northridge
- State
- California
- Subcategory
- International Development & Relief
- Phone
- …
Financial trends
Revenue declined from $1.9M (FY2015) to $48K (FY2022) across 7 reported years.
Financial snapshot
Financial health & position (FY2022)
Liabilities $0Net assets $24K
Operating margin
10.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$24K
Total liabilities
$0
Net assets
$24K
Salaries & benefits
$6,967
16% of expenses
Board members
3
1 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2022 | $47,936▼72.6% | $42,750▼77.6% | $24,499▲26.9% | $24,499▲23.0% | 990 |
| 2021 | $174,669▼99.2% | $191,039▼99.1% | $19,313▼45.9% | $19,924▼60.2% | 990 |
| 2020 | $21,757,929▼69.6% | $21,754,601▼69.6% | $35,683▲10.3% | $50,067▲27.7% | 990 |
| 2019 | $71,593,426▲62.7% | $71,567,400▲62.4% | $32,355▲411% | $39,216▲2.1% | 990 |
| 2018 | $43,993,721▲21.7% | $44,058,020▼39.0% | $6,329▼91.0% | $38,411▼46.1% | 990 |
| 2017 | $36,145,689▲1756% | $72,200,917▲3711% | $70,628▲32.8% | $71,276▲34.1% | 990 |
| 2015 | $1,947,844 | $1,894,677 | $53,167 | $53,167 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2022)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Aram Sassounian | Board Member | 1 | — |
| Eric Kazangian | Board Member | 1 | — |
| Harut Sassounian | President | 40 | — |
| Nouritza Abujamra | Secretary | 40 | — |
| Richard Dekmejian | Board | 1 | — |
Grants received · $90K total
9 grants to Armenia Artsakh Fund Inc totaling $90K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Donor Advised Charitable Giving | International, foreign affairs | 2023 | $12,000 |
| Donor Advised Charitable Giving | International, foreign affairs | 2022 | $12,000 |
| Network For Good Inc | Unrestricted | 2021 | $5,840 |
| Charities Aid Foundation America | Charitable donation | 2021 | $5,119 |
| Charities Aid Foundation America | Charitable donation | 2020 | $21,249 |
| Network For Good Inc | Unrestricted | 2020 | $15,321 |
| California Community Foundation | Disaster response | 2020 | $8,000 |
| Donor Advised Charitable Giving | International, foreign affairs | 2020 | $5,150 |
| Donor Advised Charitable Giving | International, foreign affairs | 2020 | $5,150 |
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Frequently asked questions
- Is Armenia Artsakh Fund Inc a legitimate nonprofit?
- Yes. Armenia Artsakh Fund Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 47-5298962, based in Northridge, California. Donations are tax-deductible.
- What is Armenia Artsakh Fund Inc's EIN?
- Armenia Artsakh Fund Inc's Employer Identification Number (EIN) is 47-5298962.
- How much revenue does Armenia Artsakh Fund Inc report?
- Armenia Artsakh Fund Inc reported $47,936 in total revenue on its fiscal year 2022 IRS Form 990 filing.
- How much of Armenia Artsakh Fund Inc's spending goes to programs?
- Armenia Artsakh Fund Inc spends about 99% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Armenia Artsakh Fund Inc have?
- CharityIndex grades Armenia Artsakh Fund Inc C+, based on program efficiency and fundraising cost.
- How much does Armenia Artsakh Fund Inc's highest-paid employee make?
- The highest reported compensation on Armenia Artsakh Fund Inc's latest Form 990 is $0, paid to Aram Sassounian (Board Member).
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Data for Armenia Artsakh Fund Inc (EIN 47-5298962) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.