Armenia Empyrean Foundation
Armenia Empyrean Foundation shows volatile revenue with no reported officer compensation.
EIN: 208038153 · Wilmington, DE · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.1M |
| Total Expenses | $152K |
| Program Spending | 80% |
| Net Assets | $2.4M |
| Transparency Score | 70/100 |
Is Armenia Empyrean Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Armenia Empyrean Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Armenia Empyrean Foundation
Armenia Empyrean Foundation (EIN: 208038153) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T22. The organization reported total revenue of $3.1M and total assets of $4.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Armenia Empyrean Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Armenia Empyrean Foundation is a mid-size nonprofit that has been operating for 17 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $113K |
| Total Expenses | $152K |
| Surplus / Deficit | $-39,929 |
| Total Assets | $2.4M |
| Total Liabilities | $1 |
| Net Assets | $2.4M |
| Operating Margin | -35.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 185.2 months |
Financial Health Grade: B
In 2023, Armenia Empyrean Foundation reported a deficit of $40K with expenses exceeding revenue, holds 185.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Armenia Empyrean Foundation's revenue has grown at a compound annual growth rate (CAGR) of 7.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +43.7% | -31.2% | -1.7% |
| 2022 | -97.0% | +110.2% | -5.7% |
| 2021 | +4564.1% | +30.7% | +5857.7% |
| 2020 | +25.2% | +18.0% | -36.9% |
| 2019 | +130.6% | -26.6% | -72.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
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 Empyrean Foundation with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Armenia Empyrean Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $40K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no officers are receiving salaries from the organization, which is highly favorable for donor confidence and resource allocation.
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 Empyrean Foundation's IRS 990 filings:
- Highly volatile revenue streams, making financial planning and stability uncertain (e.g., $2.6M in 2021 vs. $78K in 2022).
- Expenses frequently exceed revenue in recent years (e.g., 2023 expenses $152,430 vs. revenue $112,501), potentially drawing down reserves.
Strengths
The following positive indicators were identified for Armenia Empyrean Foundation:
- Consistently reports 0% officer compensation, indicating efficient use of funds for leadership.
- Maintains very low liabilities ($1 across most recent filings), suggesting strong financial management of debt.
- Significant asset base ($2,352,819 in 2023) provides a buffer against revenue fluctuations.
Frequently Asked Questions about Armenia Empyrean Foundation
Is Armenia Empyrean Foundation a legitimate charity?
Armenia Empyrean Foundation (EIN: 208038153) is a registered tax-exempt nonprofit based in Delaware. Our AI analysis gives it a Mission Score of 70/100. It has 10 years of IRS 990 filings on record. Total revenue: $3.1M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Armenia Empyrean Foundation spend its money?
Armenia Empyrean Foundation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Armenia Empyrean Foundation tax-deductible?
Armenia Empyrean Foundation is registered as a tax-exempt nonprofit (EIN: 208038153). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Armenia Empyrean Foundation's spending goes to programs?
Armenia Empyrean Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Armenia Empyrean Foundation compare to similar nonprofits?
With a transparency score of 70/100 (Good), Armenia Empyrean Foundation is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Armenia Empyrean Foundation located?
Armenia Empyrean Foundation is headquartered in Wilmington, Delaware and files with the IRS under EIN 208038153. It is classified under NTEE code T22.
How many years of IRS 990 filings does Armenia Empyrean Foundation have?
Armenia Empyrean Foundation has 10 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 $3.1M in total revenue.
What caused the significant revenue spike in 2021 ($2,599,001) and subsequent decline?
The provided data does not specify the source of the large revenue increase in 2021 or the reasons for the return to lower revenue levels in subsequent years. This could be due to a large one-time grant, a major fundraising campaign, or a specific project.
How does the organization cover expenses when they exceed revenue?
In periods where expenses exceeded revenue (e.g., 2023, 2022), the organization likely drew upon its accumulated assets or prior year surpluses to cover the deficit. For instance, in 2023, expenses were $152,430 against revenue of $112,501, resulting in a deficit of $39,929, which would have been covered by existing assets of $2,352,819.
What are the specific program activities funded by the organization?
The NTEE code T22 suggests the organization is involved in 'International Development, Relief Services', but the provided financial data does not detail specific program activities or their associated costs.
Filing History
IRS 990 filing history for Armenia Empyrean Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Armenia Empyrean Foundation's revenue has grown by 130.3%, moving from $49K to $113K. Total assets increased by 500.7% over the same period, from $392K to $2.4M. Total functional expenses fell by 9.8%, from $169K to $152K. In its most recent filing year (2023), Armenia Empyrean Foundation reported a deficit of $40K, with expenses exceeding revenue. The organization holds $1 in liabilities against $2.4M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $113K | $152K | $2.4M | $1 | — | View 990 |
| 2022 | $78K | $222K | $2.4M | $1 | — | View 990 |
| 2021 | $2.6M | $105K | $2.5M | $1 | — | View 990 |
| 2020 | $56K | $81K | $43K | $1 | — | View 990 |
| 2019 | $45K | $68K | $68K | $1 | — | View 990 |
| 2015 | $19K | $93K | $245K | $1 | — | View 990 |
| 2014 | $106K | $172K | $318K | $0 | — | View 990 |
| 2013 | $70K | $75K | $384K | $0 | — | View 990 |
| 2012 | $54K | $56K | $390K | $1 | — | View 990 |
| 2011 | $49K | $169K | $392K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $113K, expenses of $152K, and assets of $2.4M (revenue +43.7% year-over-year).
- 2022: Revenue of $78K, expenses of $222K, and assets of $2.4M (revenue -97.0% year-over-year).
- 2021: Revenue of $2.6M, expenses of $105K, and assets of $2.5M (revenue +4564.1% year-over-year).
- 2020: Revenue of $56K, expenses of $81K, and assets of $43K (revenue +25.2% year-over-year).
- 2019: Revenue of $45K, expenses of $68K, and assets of $68K (revenue +130.6% year-over-year).
- 2015: Revenue of $19K, expenses of $93K, and assets of $245K (revenue -81.8% year-over-year).
- 2014: Revenue of $106K, expenses of $172K, and assets of $318K (revenue +51.5% year-over-year).
- 2013: Revenue of $70K, expenses of $75K, and assets of $384K (revenue +29.1% year-over-year).
- 2012: Revenue of $54K, expenses of $56K, and assets of $390K (revenue +11.0% year-over-year).
- 2011: Revenue of $49K, expenses of $169K, and assets of $392K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Armenia Empyrean Foundation:
Data Sources and Methodology
This transparency report for Armenia Empyrean Foundation 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.