Advance Armenia Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 272,669 | 99,209 | 173,460 | 21.2 | 0% |
| 2021 | 354,184 | 212,077 | 142,107 | 18.0 | 0% |
| 2022 | 303,427 | 264,411 | 39,016 | 16.2 | 0% |
| 2023 | 2,515,078 | 1,193,019 | 1,322,059 | 16.9 | 0% |
In its most recent public year (2023), this organization brought in $1,322,059 more than it spent. Its reserves stood at about 16.9 months of spending, down from 21.2 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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