Armenian Church Endowment Fund Inc
Armenian Church Endowment Fund shows consistent asset growth despite fluctuating revenues and no reported officer compensation.
EIN: 202821426 · New York, NY · NTEE: X90 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $58.2M |
| Total Expenses | $4.0M |
| Program Spending | 85% |
| Net Assets | $88.4M |
| Transparency Score | 85/100 |
Is Armenian Church Endowment Fund Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Armenian Church Endowment Fund Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Armenian Church Endowment Fund Inc
Armenian Church Endowment Fund Inc (EIN: 202821426) is a nonprofit organization based in New York, NY, classified under NTEE code X90. The organization reported total revenue of $58.2M and total assets of $151.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Armenian Church Endowment Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Armenian Church Endowment Fund Inc is a major nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.4M |
| Total Expenses | $4.0M |
| Surplus / Deficit | +$387K |
| Total Assets | $146.8M |
| Total Liabilities | $58.5M |
| Net Assets | $88.4M |
| Operating Margin | 8.9% |
| Debt-to-Asset Ratio | 39.8% |
| Months of Reserves | 443.2 months |
Financial Health Grade: A
In 2023, Armenian Church Endowment Fund Inc reported a surplus of $387K with revenue exceeding expenses, holds 443.2 months of operating reserves (strong position), has a debt-to-asset ratio of 39.8% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Armenian Church Endowment Fund Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -135.2% | +1.7% | -15.2% |
| 2021 | +7795.7% | +5.6% | +25.6% |
| 2020 | -94.0% | +0.6% | +10.3% |
| 2019 | -57.4% | +0.5% | +16.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Armenian Church Endowment Fund Inc with a Mission Score of 85 out of 100 (Excellent). 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: 85%
- fundraising: 5%
According to IRS 990 filings, Armenian Church Endowment Fund Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 surplus of $387K, with revenue exceeding expenses.
- Debt-to-asset ratio: 39.8%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating either that no officers receive compensation directly from the organization or that it is reported under a different category, which is a positive sign for transparency if accurate, but unusual for an organization of this size.
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 Armenian Church Endowment Fund Inc's IRS 990 filings:
- Significant revenue volatility, including negative revenue in 2022, which could indicate high-risk investment strategies or market dependency.
- Unusually consistent 0% officer compensation reported, which might obscure how leadership is compensated or indicate a lack of transparency in this specific area.
Strengths
The following positive indicators were identified for Armenian Church Endowment Fund Inc:
- Consistent and substantial asset growth, from $90,778,942 in 2015 to $146,847,942 in 2023, demonstrating strong financial management and stability.
- Stable expense management, with annual expenses remaining within a narrow range despite revenue fluctuations, indicating fiscal discipline.
- No reported officer compensation, which, if accurate, suggests a highly volunteer-driven leadership or efficient use of funds not directed towards executive salaries.
Frequently Asked Questions about Armenian Church Endowment Fund Inc
Is Armenian Church Endowment Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Armenian Church Endowment Fund Inc (EIN: 202821426) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Armenian Church Endowment Fund Inc spend its money?
Armenian Church Endowment Fund Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Armenian Church Endowment Fund Inc tax-deductible?
Armenian Church Endowment Fund Inc is registered as a tax-exempt nonprofit (EIN: 202821426). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Armenian Church Endowment Fund Inc's spending goes to programs?
Armenian Church Endowment Fund Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Armenian Church Endowment Fund Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Armenian Church Endowment Fund Inc is above average for NTEE category X90 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Armenian Church Endowment Fund Inc located?
Armenian Church Endowment Fund Inc is headquartered in New York, New York and files with the IRS under EIN 202821426. It is classified under NTEE code X90.
How many years of IRS 990 filings does Armenian Church Endowment Fund Inc have?
Armenian Church Endowment Fund Inc has 13 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 $58.2M in total revenue.
What caused the negative revenue of $-5,279,564 in 2022?
Negative revenue often indicates significant investment losses or asset revaluations, which is common for endowment funds. Further detail would be in the financial statements (Part VIII, Statement of Revenue) of the 2022 filing.
How does the organization manage to report 0% officer compensation across all filings?
This could mean that officers are volunteers, compensated by a related entity, or that compensation is reported in a different section of the 990, such as 'Salaries, other compensation, employee benefits' if they are not considered 'officers' for reporting purposes. It warrants further inquiry into their governance and compensation practices.
What is the primary use of the endowment fund's assets?
As an endowment fund, its primary purpose is typically to generate investment income to support the mission of the Armenian Church. The NTEE code X90 suggests it promotes religious and voluntarism activities, implying the income supports various programs and initiatives.
Filing History
IRS 990 filing history for Armenian Church Endowment Fund Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Armenian Church Endowment Fund Inc's revenue has grown by 10.9%, moving from $3.9M to $4.4M. Total assets increased by 95.6% over the same period, from $75.1M to $146.8M. Total functional expenses rose by 54.3%, from $2.6M to $4.0M. In its most recent filing year (2023), Armenian Church Endowment Fund Inc reported a surplus of $387K, with revenue exceeding expenses. The organization holds $58.5M in liabilities against $146.8M in assets (debt-to-asset ratio: 39.8%), resulting in net assets of $88.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.4M | $4.0M | $146.8M | $58.5M | — | View 990 |
| 2022 | $-5,279,564 | $3.7M | $135.7M | $54.0M | — | View 990 |
| 2021 | $15.0M | $3.7M | $160.0M | $62.2M | — | View 990 |
| 2020 | $190K | $3.5M | $127.4M | $46.4M | — | View 990 |
| 2019 | $3.2M | $3.5M | $115.5M | $39.7M | — | View 990 |
| 2018 | $7.4M | $3.4M | $99.4M | $32.2M | — | View 990 |
| 2017 | $5.8M | $3.4M | $107.7M | $34.7M | — | — |
| 2016 | $5.5M | $3.3M | $94.9M | $30.3M | — | View 990 |
| 2015 | $4.5M | $3.2M | $90.8M | $29.3M | — | View 990 |
| 2014 | $3.0M | $3.0M | $94.7M | $30.1M | — | View 990 |
| 2013 | $3.1M | $2.7M | $95.4M | $30.3M | — | View 990 |
| 2012 | $10.1M | $2.5M | $88.4M | $28.0M | — | View 990 |
| 2011 | $3.9M | $2.6M | $75.1M | $25.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.4M, expenses of $4.0M, and assets of $146.8M.
- 2022: Revenue of $-5,279,564, expenses of $3.7M, and assets of $135.7M (revenue -135.2% year-over-year).
- 2021: Revenue of $15.0M, expenses of $3.7M, and assets of $160.0M (revenue +7795.7% year-over-year).
- 2020: Revenue of $190K, expenses of $3.5M, and assets of $127.4M (revenue -94.0% year-over-year).
- 2019: Revenue of $3.2M, expenses of $3.5M, and assets of $115.5M (revenue -57.4% year-over-year).
- 2018: Revenue of $7.4M, expenses of $3.4M, and assets of $99.4M (revenue +27.5% year-over-year).
- 2017: Revenue of $5.8M, expenses of $3.4M, and assets of $107.7M (revenue +5.8% year-over-year).
- 2016: Revenue of $5.5M, expenses of $3.3M, and assets of $94.9M (revenue +23.2% year-over-year).
- 2015: Revenue of $4.5M, expenses of $3.2M, and assets of $90.8M (revenue +47.2% year-over-year).
- 2014: Revenue of $3.0M, expenses of $3.0M, and assets of $94.7M (revenue -3.0% year-over-year).
- 2013: Revenue of $3.1M, expenses of $2.7M, and assets of $95.4M (revenue -69.2% year-over-year).
- 2012: Revenue of $10.1M, expenses of $2.5M, and assets of $88.4M (revenue +157.6% year-over-year).
- 2011: Revenue of $3.9M, expenses of $2.6M, and assets of $75.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Armenian Church Endowment Fund Inc:
Data Sources and Methodology
This transparency report for Armenian Church Endowment Fund 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.