Armenia 2020 Inc
Armenia 2020 Inc operates with minimal assets and zero reported officer compensation, spending all revenue annually.
EIN: 208734231 · Winchester, MA · NTEE: Q32 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $622K |
| Total Expenses | $622K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $622,019 |
| Net Assets | $9K |
| Transparency Score | 55/100 |
Is Armenia 2020 Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Armenia 2020 Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Armenia 2020 Inc
Armenia 2020 Inc (EIN: 208734231) is a nonprofit organization based in Winchester, MA, classified under NTEE code Q32. The organization reported total revenue of $622K and total assets of $9K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Armenia 2020 Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Armenia 2020 Inc is a small nonprofit that has been operating for 18 years, with 8 years of IRS 990 filings on record (2011–2021). Revenue has grown at a compound annual rate of 15.7%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $622K |
| Total Expenses | $622K |
| Surplus / Deficit | +$0 |
| Total Assets | $9K |
| Net Assets | $9K |
| Operating Margin | 0.0% |
| Months of Reserves | 0.2 months |
Financial Health Grade: B
In 2021, Armenia 2020 Inc reported a surplus of $0 with revenue exceeding expenses, holds 0.2 months of operating reserves (limited).
Financial Trends
Over 8 years of filings (2011–2021), Armenia 2020 Inc's revenue has grown at a compound annual growth rate (CAGR) of 15.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | +91.4% | +91.3% | -1.8% |
| 2015 | -100.0% | -99.9% | -6.8% |
| 2014 | +316.7% | +23153.3% | -95.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Armenia 2020 Inc with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Armenia 2020 Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $0, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all filings, which is unusual for an organization with significant revenue ($622,019 in 2021) and could indicate a fully volunteer-run model or a lack of transparency regarding compensation structures.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Armenia 2020 Inc's IRS 990 filings:
- Extremely low asset base relative to revenue (e.g., $8,812 assets vs. $622,019 revenue in 2021), indicating minimal financial reserves.
- Consistent reporting of 0% officer compensation across all filings, which can be a transparency concern for an organization with significant revenue.
- Expenses consistently match or slightly exceed revenue, suggesting a lack of surplus generation for future stability.
- No clear indication of fundraising expenses, which could be embedded in administrative costs or handled by volunteers, but lacks explicit disclosure.
Strengths
The following positive indicators were identified for Armenia 2020 Inc:
- Consistently reports zero liabilities, indicating no outstanding debt.
- Appears to spend all incoming revenue on its mission, as expenses closely track revenue.
Frequently Asked Questions about Armenia 2020 Inc
Is Armenia 2020 Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Armenia 2020 Inc (EIN: 208734231) some concerns. Mission Score: 55/100. 4 red flags identified, 2 strengths noted.
How does Armenia 2020 Inc spend its money?
Armenia 2020 Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Armenia 2020 Inc tax-deductible?
Armenia 2020 Inc is registered as a tax-exempt nonprofit (EIN: 208734231). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Armenia 2020 Inc CEO make?
Armenia 2020 Inc's highest-compensated officer earns $622,019 annually. The organization reported $622K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Armenia 2020 Inc compare to similar nonprofits?
With a transparency score of 55/100 (Fair), Armenia 2020 Inc is near average for NTEE category Q32 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Armenia 2020 Inc located?
Armenia 2020 Inc is headquartered in Winchester, Massachusetts and files with the IRS under EIN 208734231. It is classified under NTEE code Q32.
How many years of IRS 990 filings does Armenia 2020 Inc have?
Armenia 2020 Inc has 8 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $622K in total revenue.
Is Armenia 2020 Inc a good charity?
Based on the available IRS 990 data, Armenia 2020 Inc exhibits some concerning financial characteristics, such as minimal assets relative to revenue and consistent zero officer compensation, which makes it difficult to fully assess its operational efficiency and long-term sustainability. While it appears to spend all its revenue, the lack of detail on program vs. administrative costs in the provided summary makes a definitive 'good' or 'bad' judgment challenging without further information.
How does Armenia 2020 Inc manage its finances given its low assets?
The organization appears to operate on a very lean financial model, with expenses consistently matching or slightly exceeding revenue, and maintaining minimal assets (e.g., $8,812 in 2021). This suggests a 'just-in-time' funding approach, where funds are spent as they are received, with little to no accumulation of reserves.
What is the significance of 0% officer compensation?
Zero officer compensation could mean that the organization is entirely run by unpaid volunteers, including its leadership. However, for an organization with revenue exceeding $600,000, it can also be a red flag if key personnel are compensated through other entities or if significant in-kind services are not fully valued and disclosed, potentially obscuring true operational costs.
Filing History
IRS 990 filing history for Armenia 2020 Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2021), Armenia 2020 Inc's revenue has grown by 328.2%, moving from $145K to $622K. Total assets increased by 19.2% over the same period, from $7K to $9K. Total functional expenses rose by 342.4%, from $141K to $622K. In its most recent filing year (2021), Armenia 2020 Inc reported a surplus of $0, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $622K | $622K | $9K | $0 | — | — |
| 2020 | $325K | $325K | $9K | $0 | — | — |
| 2016 | $0 | $2K | $11 | $0 | — | View 990 |
| 2015 | $0 | $150 | $2K | $0 | — | View 990 |
| 2014 | $200K | $245K | $2K | $0 | — | View 990 |
| 2013 | $48K | $1K | $47K | $0 | — | View 990 |
| 2012 | $51K | $58K | $353 | $0 | — | View 990 |
| 2011 | $145K | $141K | $7K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $622K, expenses of $622K, and assets of $9K (revenue +91.4% year-over-year).
- 2020: Revenue of $325K, expenses of $325K, and assets of $9K.
- 2016: Revenue of $0, expenses of $2K, and assets of $11.
- 2015: Revenue of $0, expenses of $150, and assets of $2K (revenue -100.0% year-over-year).
- 2014: Revenue of $200K, expenses of $245K, and assets of $2K (revenue +316.7% year-over-year).
- 2013: Revenue of $48K, expenses of $1K, and assets of $47K (revenue -5.5% year-over-year).
- 2012: Revenue of $51K, expenses of $58K, and assets of $353 (revenue -65.0% year-over-year).
- 2011: Revenue of $145K, expenses of $141K, and assets of $7K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Armenia 2020 Inc:
Data Sources and Methodology
This transparency report for Armenia 2020 Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.