Armenia Fund Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 1,819,460 | 2,769,930 | −950,470 | 5.3 | 6% |
| 2020 | 129,595,988 | 66,456,299 | 63,139,689 | 11.6 | 0% |
| 2021 | 8,000,794 | 4,446,147 | 3,554,647 | 185.0 | 3% |
| 2022 | 1,461,457 | 10,131,468 | −8,670,011 | 61.9 | 2% |
| 2023 | 477,839 | 14,889,490 | −14,411,651 | 36.0 | 1% |
In its most recent public year (2023), this organization spent $14,411,651 more than it brought in. Its reserves stood at about 36 months of spending, up from 5.3 in 2019. Staff pay was 1% of spending. $317,701 of its net assets are donor-restricted.
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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