Armenia Fund Inc is a 501(c)(3) organization based in Glendale, California, registered in 1995, with $2,913,397 in FY2024 revenue. CharityIndex grades it B, and it directs about 66% of spending to programs.
Revenue (FY2024)
$2.9M
▲ 509.7% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$2.8M
Net assets
$49.1M
Employees
3
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 Fund Inc: 66% to programs · $29 to raise $100 earns a C on this criterion. See the exact thresholds →
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 Fund Inc: 211 mo reserves · +4% margin earns a B+ on this criterion. See the exact thresholds →
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 Fund Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
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 Fund Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Support the people of armenia.
Domestic violence center - the project consists of supporting a women's center in yerevan to help battered women and victims of domestic violence. the program consists of providing women new opportunities, job training, and medical and psychological care, as well as supporting children who have sought refuge with their mothers at the center. the center empowers women and gives them the chance to continue with their lives and recover from the experience of domestic violence and abuse.
Artsakh dance group - following their forced displacement from artsakh and the subsequent lack of state funding, the artsakh state dance ensemble was facing dissolution. as part of its ongoing mission to preserve the culture and traditions of artsakh, armenia fund sponsored the artsakh state dance ensemble. funding was provided to pay salaries, cover travel and touring expenses, and secure performance spaces for the group.
1. noyemberyan medical center - $138,051funded the complete renovation and reconstruction of the infections department of the noyemberyan medical center, located in the tavush region of armenia. mere kilometers from the border, the noyemberyan medical center is a vital center for wounded servicemen to receive immediate treatment. this phase of the project included upgrades to the earthquake resistance of the building, replacing the asbestos slate roof to metal, building a new foundation for thebuilding, installing heating throughout the building, rebuilding the internal sewage system of the building, and upgrading the electrical infrastructure of the center. this program was completed in february 2024.2. yerevan state university student tuition assistance - $100,000in collaboration with the western diocese of the armenian church, armenia fund committed to assist with the tuition of students at yerevan state university in armenia. the subsidization of these students' tuitions will allow them to continue their higher education.3. day care center for mentally handicapped adults - $93,773in this program, armenia fund, inc. supported the operations and expansion of a day care center, "way to happiness ngo," which serves adults ages 18-64 who are living with autism and other mental handicaps. the beneficiaries reside in the center, where they also receive professional care and cognitive exercises. the goal of the project is to give these individuals the skills and tools to establish their own independence and self-sufficiency through practical skills such as cooking, gardening, and the arts.4. world vision armenia - $65,000world vision is a global humanitarian organization with an office in armenia which provides psychological and civic support services to children and adolescents in remote village communities. following the forced displacement of refugees from artsakh to armenia in september 2023, armenia fund began collaborating with world vision armenia to ensure that children and families who settled in these remote villages would receive the psychosocial protection and treatment services they required. the communities served by this project include: noyemberyan, ijevan, talin, aparan and sisian.5. "sun" children center - $55,000armenia fund, inc. provides support to the "sun children" center based in yerevan. the center is one of the few year-round, free of charge, professional care centers for children with down syndrome in armenia. around eighty children living with down syndrome receive the following treatments and services at the center: physical therapy, play therapy, psychotherapy, occupational therapy, and speech therapy, all from licensed therapists. the center also organizes recitals and variety shows, in which the children are able to express their creativity and form meaningful connections.6. armenian cultural advancement programs - $30,000this program is a multi-pronged approach to advance the preservation and promotion of armenian art and culture. in 2024, the program consisted of three separate initiatives: (i) su
Revenue grew from $2.3M (FY2013) to $2.9M (FY2024) across 12 reported years.
Financial snapshot
Operating margin
4.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$49.2M
Total liabilities
$19K
Net assets
$49.1M
Salaries & benefits
$264K
9% of expenses
Board members
13
13 independent
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $2,913,397▲510% | $2,790,036▼81.3% | $49,136,055▲9.9% | $49,154,835▲9.7% | 990 |
| 2023 | $477,839▼67.3% | $14,889,490▲47.0% | $44,723,502▼14.5% | $44,802,290▼14.4% | 990 |
| 2022 | $1,461,457▼81.7% | $10,131,468▲128% | $52,303,445▼23.7% | $52,336,741▼23.7% | 990 |
| 2021 | $8,000,794▼93.8% | $4,446,147▼93.3% | $68,558,370▲6.5% | $68,598,938▲6.2% | 990 |
| 2020 | $129,595,988▲7023% | $66,456,299▲2299% | $64,390,625▲5152% | $64,567,036▲4999% | 990 |
| 2019 | $1,819,460▼53.5% | $2,769,930▼14.1% | $1,226,129▼35.3% | $1,266,290▼33.9% | 990 |
| 2018 | $3,916,864▼55.7% | $3,225,773▼62.0% | $1,893,733▲57.5% | $1,916,467▲54.8% | 990 |
| 2017 | $8,842,819▲88.1% | $8,485,297▲121% | $1,202,642▲42.3% | $1,238,193▲39.7% | 990 |
| 2016 | $4,700,482▲11.7% | $3,844,243▼22.4% | $845,120▲7701% | $886,283▲1091% | 990 |
| 2015 | $4,207,167▲37.0% | $4,956,262▲43.7% | -$11,119▼102% | $74,399▼90.7% | 990 |
| 2014 | $3,070,704▲32.9% | $3,450,005▲93.4% | $737,976▼33.9% | $801,005▼31.1% | 990 |
| 2013 | $2,311,286 | $1,783,489▼13.3% | $1,117,277▲89.5% | $1,162,981▲72.4% | 990 |
| 2012 | — | $2,056,775▲26.2% | $589,480▼17.9% | $674,765▼11.5% | 990 |
| 2011 | — | $1,630,256▼2.0% | $717,928▼65.1% | $762,151▼63.3% | 990 |
| 2010 | — | $1,662,943 | $2,059,505 | $2,074,545 | 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.
Highest-paid: Azatui Karaoglanyan — $194,867 (6.98% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Azatui Karaoglanyan | Executive Director | 40 | $194,867 |
| Ara Movsessian | Secretary | 4 | — |
| Archbishop Hovnan Derderian | Director | 2 | — |
| Archbishop Kegham Khacherian | Director (as of 04/24) | 2 | — |
| Armen Hovannisian | Director (as of 09/24) | 2 | — |
| Avedik Izmirlian | Director (thru 03/24) | 2 | — |
| Bishop Mikael Antoine Mouradian | Director | 2 | — |
| Bishop Torkom Donoyan | Director (thru 03/24) | 2 | — |
| Christina Khanjian | Director (as of 09/24) | 2 | — |
| Dr H Raffi Balian | Director | 2 | — |
| Kevork Zoryan | Director (as of 03/24) | 2 | — |
| Maria Mehranian | Chairperson | 20 | — |
| Mehran Khatchadorian | Director | 2 | — |
| Reverend Hendrik Shahnazarian | Director | 2 | — |
| Seda Yaghoubian | Treasurer | 8 | — |
| Silva Poladian | Director (thru 09/24) | 2 | — |
| Talin Yacoubian Esq | Director | 2 | — |
45 grants to Armenia Fund Inc totaling $24.4M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Online Giving Foundation Inc | General support | 2024 | $20,647 |
| American Online Giving Foundation Inc | General support | 2023 | $78,677 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $24,322 |
| Donor Advised Charitable Giving | Public, societal benefit | 2023 | $12,965 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $49,900 |
| American Online Giving Foundation Inc | General support | 2022 | $41,658 |
| The Blackbaud Giving Fund | General support | 2022 | $13,167 |
| Donor Advised Charitable Giving | Public, societal benefit | 2022 | $6,465 |
| The Blackbaud Giving Fund | General support | 2021 | $775,075 |
| The Blackbaud Giving Fund | General support | 2021 | $775,075 |
| Network For Good Inc | Unrestricted | 2021 | $96,256 |
| American Online Giving Foundation Inc | General support | 2021 | $73,652 |
| Bright Funds Foundation | General purpose | 2021 | $38,692 |
| Charities Aid Foundation America | Charitable donation | 2021 | $37,570 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $34,900 |
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Data for Armenia Fund Inc (EIN 95-4485698) 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.