Noubar & Anna Afeyan Foundation
Only null% goes to programs Strong reserves Growing revenue
Noubar & Anna Afeyan Foundation is a 501(c)(3) organization based in Wilmington, Delaware, registered in 2000, with $12,891,476 in FY2024 revenue. CharityIndex grades it C+.
Foundation Source 501 Silverside Rd, Wilmington, DE, 19809 EIN 04-3489109 Since 2000
Revenue (FY2024)
$12.9M
▲ 469.3% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$3.0M
Net assets
$10.3M
Employees
—
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 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
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. Not scored for Noubar & Anna Afeyan Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating41 mo reserves · +77% 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 Noubar & Anna Afeyan Foundation: 41 mo reserves · +77% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
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. Not scored for Noubar & Anna Afeyan Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 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 Noubar & Anna Afeyan Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- Foundation Source 501 Silverside Rd, Wilmington, DE, 19809
- City
- Wilmington
- State
- Delaware
- Subcategory
- Private Foundations
Financial trends
Revenue grew from $1.2M (FY2013) to $12.9M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $10.3M
Operating margin
76.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$10.3M
Total liabilities
$0
Net assets
$10.3M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $12,891,476▲469% | $2,991,577▲30.6% | $10,256,019▲2780% | $10,256,019▲2780% | 990PF |
| 2023 | $2,264,432▲165% | $2,290,863▲13.8% | $356,120▼6.9% | $356,120▼6.9% | 990PF |
| 2022 | $855,342▲40.8% | $2,013,811▼14.6% | $382,551▼75.2% | $382,551▼75.2% | 990PF |
| 2021 | $607,640▼60.9% | $2,357,778▼41.4% | $1,541,020▼53.0% | $1,541,020▼53.0% | 990PF |
| 2020 | $1,553,452▼57.6% | $4,024,011▲84.7% | $3,279,635▼44.0% | $3,279,635▼44.0% | 990PF |
| 2019 | $3,666,493▲2006% | $2,178,508▲23.8% | $5,853,836▼9.7% | $5,853,836▼9.7% | 990PF |
| 2018 | $174,112▼98.5% | $1,760,190▲9.3% | $6,481,279▼20.9% | $6,481,279▼20.9% | 990PF |
| 2017 | $11,757,472▲388% | $1,610,145▲18.7% | $8,196,716▲314% | $8,196,716▲314% | 990PF |
| 2016 | $2,410,888▲35.9% | $1,355,998▼35.8% | $1,981,431▲25.7% | $1,981,431▲25.7% | 990PF |
| 2015 | $1,774,033▼44.5% | $2,110,541▲19.1% | $1,576,442▼26.9% | $1,576,442▼26.9% | 990PF |
| 2014 | $3,197,651▲176% | $1,772,678▲304% | $2,155,136▲34.3% | $2,155,136▲34.3% | 990PF |
| 2013 | $1,158,377 | $438,670▼34.8% | $1,605,104▲35.7% | $1,605,104▲35.7% | 990PF |
| 2012 | — | $673,005▲24.4% | $1,182,659▲23.7% | $1,182,659▲23.7% | 990PF |
| 2011 | — | $540,929▲43.4% | $956,258▲34.5% | $956,258▲34.5% | 990PF |
| 2010 | — | $377,249 | $710,956 | $710,956 | 990PF |
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.
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Frequently asked questions
- Is Noubar & Anna Afeyan Foundation a legitimate nonprofit?
- Yes. Noubar & Anna Afeyan Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 04-3489109, based in Wilmington, Delaware. Donations are tax-deductible.
- What is Noubar & Anna Afeyan Foundation's EIN?
- Noubar & Anna Afeyan Foundation's Employer Identification Number (EIN) is 04-3489109.
- How much revenue does Noubar & Anna Afeyan Foundation report?
- Noubar & Anna Afeyan Foundation reported $12,891,476 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Noubar & Anna Afeyan Foundation have?
- CharityIndex grades Noubar & Anna Afeyan Foundation C+, based on financial health (reserves and operating margin).
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Data for Noubar & Anna Afeyan Foundation (EIN 04-3489109) 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.