Armenian Research Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 59,350 | 25,230 | 34,120 | 907.1 | 0% |
| 2021 | 74,773 | 119,319 | −44,546 | 209.3 | 0% |
| 2022 | 31,477 | 75,010 | −43,533 | 323.7 | 0% |
| 2023 | 55,117 | 63,997 | −8,880 | 396.5 | 0% |
In its most recent public year (2023), this organization spent $8,880 more than it brought in. Its reserves stood at about 396.5 months of spending, down from 907.1 in 2020. Staff pay was 0% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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