Is Armenian General Benevolent Union Legit?…

Quick charity verification for Armenian General Benevolent Union (EIN: 135600421)

Strengths

Consistent asset growth, indicating strong financial management and stability (Assets grew from $233M in 2013 to $297M in 2022).
Consistent reporting of 0% officer compensation across all filings, suggesting high efficiency and dedication to mission.
Maintains a healthy surplus of revenue over expenses, contributing to long-term sustainability (e.g., $38.7M revenue vs. $28.6M expenses in 2022).
Low liabilities relative to assets, indicating a strong balance sheet and low financial risk (e.g., $5.1M liabilities vs. $297.5M assets in 2022).

Spending Breakdown

How Armenian General Benevolent Union allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Armenian General Benevolent Union

Is Armenian General Benevolent Union a legitimate charity?

Based on AI analysis of IRS 990 filings, Armenian General Benevolent Union (EIN: 135600421) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.

Is Armenian General Benevolent Union a good charity to donate to?

Armenian General Benevolent Union has a Mission Score of 90/100. Revenue: $278.1M. Assets: $327.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Armenian General Benevolent Union?

The Employer Identification Number (EIN) for Armenian General Benevolent Union is 135600421. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Armenian General Benevolent Union spend its money?

Armenian General Benevolent Union allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Armenian General Benevolent Union's tax-exempt status?

You can verify Armenian General Benevolent Union's tax-exempt status using EIN 135600421 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

The Armenian General Benevolent Union (AGBU) demonstrates a generally healthy financial position with substantial assets, reaching $297,525,915 in 2022. The organization has consistently maintained a positive net asset position, with liabilities remaining a small fraction of total assets. Revenue has fluctuated over the years, with a notable increase in 2021 to $43,918,491, followed by $38,755,110 in 2022. The organization consistently spends less than its revenue, allowing for asset growth, as seen in the 2022 period where expenses were $28,642,760 against $38,755,110 in revenue.

Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses from the provided data, a precise assessment is challenging. However, the consistent surplus of revenue over expenses suggests prudent financial management. The absence of reported officer compensation across all filings indicates a strong commitment to directing funds towards the mission rather than executive salaries, which is a positive indicator for transparency and efficiency. The organization's asset base has shown steady growth, indicating long-term financial stability and capacity to support its benevolent programs.

Overall, AGBU appears to be a financially stable organization with a strong balance sheet. The lack of reported officer compensation is a significant positive for transparency and efficiency. Further detailed expense breakdowns would allow for a more granular analysis of program spending ratios, but the available data suggests a well-managed and fiscally responsible entity.

Is Armenian General Benevolent Union Legit?

Verdict: Armenian General Benevolent Union appears trustworthy

Red Flags