Quick charity verification for Children Of Armenia Fund Inc (EIN: 113579187)
Verdict: Children Of Armenia Fund Inc appears trustworthy
90/100Mission Score
$14.7MRevenue
$16.0MAssets
1Red Flags
5Strengths
Red Flags
Significant revenue fluctuation in 2022 ($5.4M) compared to 2021 ($10.2M) and 2023 ($14.4M) without immediate explanation in the provided data.
Strengths
Consistent reporting of 0% officer compensation, indicating high dedication to mission spending.
Strong revenue growth from $2.6M in 2014 to $14.4M in 2023.
Significant asset accumulation, growing from $4.7M in 2014 to $16.4M in 2023.
Healthy financial position with assets significantly exceeding liabilities across all reported periods.
Expenses in 2023 ($7.3M) were well below revenue ($14.4M), indicating efficient financial management.
Spending Breakdown
How Children Of Armenia Fund Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 Children Of Armenia Fund Inc
Is Children Of Armenia Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Children Of Armenia Fund Inc (EIN: 113579187) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
Is Children Of Armenia Fund Inc a good charity to donate to?
Children Of Armenia Fund Inc has a Mission Score of 90/100. Revenue: $14.7M. Assets: $16.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Children Of Armenia Fund Inc?
The Employer Identification Number (EIN) for Children Of Armenia Fund Inc is 113579187. 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 Children Of Armenia Fund Inc spend its money?
Children Of Armenia Fund Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Children Of Armenia Fund Inc's tax-exempt status?
You can verify Children Of Armenia Fund Inc's tax-exempt status using EIN 113579187 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
Children Of Armenia Fund Inc (COAF) demonstrates a generally healthy financial position with significant growth in revenue and assets over the past decade. In 2023, COAF reported revenue of $14,397,861 against expenses of $7,379,463, indicating a substantial surplus that contributed to an increase in assets to $16,440,882. While the organization's revenue has fluctuated, notably a dip in 2022, the overall trend shows strong financial support and accumulation of resources. The consistent reporting of 0% officer compensation across all available filings suggests a commitment to directing funds towards its mission rather than executive salaries, which is a positive indicator of financial efficiency and transparency.
COAF's spending efficiency appears strong, particularly in the most recent filing where expenses were significantly lower than revenue. This suggests effective management of resources. The organization's asset growth from $4,740,887 in 2014 to $16,440,882 in 2023 further solidifies its financial stability. The consistent reporting of liabilities as a very small percentage of assets also points to a well-managed balance sheet. The absence of reported officer compensation is a key factor in assessing its transparency and dedication to program spending.
Overall, COAF appears to be a financially sound and efficiently managed organization. Its consistent growth, healthy asset base, and lack of reported officer compensation contribute to a positive assessment of its financial health and transparency. The organization's ability to generate significant revenue and manage expenses effectively allows it to build reserves and presumably expand its programmatic reach.