Armenian Heritage Tribute And Genocide Memorial Foundation Inc
Armenian Heritage Foundation consistently grows assets with volunteer leadership and low liabilities.
EIN: 201914324 · Watertown, MA · NTEE: A84 · Updated: 2026-03-28
Is Armenian Heritage Tribute And Genocide Memorial Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Armenian Heritage Tribute And Genocide Memorial Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Armenian Heritage Tribute And Genocide Memorial Foundation Inc
Armenian Heritage Tribute And Genocide Memorial Foundation Inc (EIN: 201914324) is a nonprofit organization based in Watertown, MA, classified under NTEE code A84. The organization reported total revenue of $267K and total assets of $5.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Armenian Heritage Tribute And Genocide Memorial Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Armenian Heritage Tribute And Genocide Memorial Foundation 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Armenian Heritage Tribute And Genocide Memorial Foundation Inc 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.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for a nonprofit of its size with assets exceeding $4.5 million.
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 Heritage Tribute And Genocide Memorial Foundation Inc's IRS 990 filings:
- Lack of detailed expense breakdown (program vs. admin vs. fundraising) in provided data makes precise efficiency analysis difficult.
Strengths
The following positive indicators were identified for Armenian Heritage Tribute And Genocide Memorial Foundation Inc:
- Consistent and significant asset growth, reaching $4,572,423 in 2023.
- Zero officer compensation reported across all filings, indicating volunteer leadership.
- Very low liabilities relative to assets, demonstrating strong financial management.
- Strong revenue generation in multiple years (e.g., $1,073,029 in 2022, $707,043 in 2019) often exceeding expenses.
- Healthy financial surplus in most years, contributing to asset accumulation.
Frequently Asked Questions about Armenian Heritage Tribute And Genocide Memorial Foundation Inc
Is Armenian Heritage Tribute And Genocide Memorial Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Armenian Heritage Tribute And Genocide Memorial Foundation Inc (EIN: 201914324) some concerns. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
How does Armenian Heritage Tribute And Genocide Memorial Foundation Inc spend its money?
Armenian Heritage Tribute And Genocide Memorial Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Armenian Heritage Tribute And Genocide Memorial Foundation Inc tax-deductible?
Armenian Heritage Tribute And Genocide Memorial Foundation Inc is registered as a tax-exempt nonprofit (EIN: 201914324). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Armenian Heritage Tribute And Genocide Memorial Foundation Inc a good charity?
Based on the available data, the organization appears to be a financially sound charity with strong asset growth and no reported officer compensation, suggesting efficient use of funds and volunteer leadership. However, a detailed breakdown of program spending versus administrative costs would provide a clearer picture of its direct impact.
What is the primary use of the organization's significant assets?
Given its name, 'Armenian Heritage Tribute And Genocide Memorial Foundation Inc', it is highly probable that the accumulated assets, which reached $4,572,423 in 2023, are primarily earmarked for the development, construction, and maintenance of a memorial or tribute project.
How does the organization sustain its operations without officer compensation?
The organization sustains its operations through volunteer efforts for its leadership and likely relies on a small operational footprint, as evidenced by relatively low expenses compared to its revenue and asset base. This model allows more funds to be retained or directed towards its primary mission.
Filing History
IRS 990 filing history for Armenian Heritage Tribute And Genocide Memorial Foundation Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Armenian Heritage Tribute And Genocide Memorial Foundation Inc's revenue has declined by 60.3%, moving from $1.2M to $495K. Total assets increased by 78.1% over the same period, from $2.6M to $4.6M. Total functional expenses fell by 73.5%, from $684K to $182K. In its most recent filing year (2023), Armenian Heritage Tribute And Genocide Memorial Foundation Inc reported a surplus of $314K, with revenue exceeding expenses. The organization holds $5K in liabilities against $4.6M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $4.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $495K | $182K | $4.6M | $5K | — | — |
| 2022 | $1.1M | $177K | $4.2M | $14K | — | View 990 |
| 2021 | $214K | $154K | $3.9M | $3K | — | View 990 |
| 2020 | $150K | $137K | $3.6M | $14K | — | — |
| 2019 | $707K | $165K | $3.4M | $129 | — | View 990 |
| 2018 | $109K | $182K | $2.6M | $358 | — | View 990 |
| 2017 | $153K | $156K | $2.9M | $1K | — | View 990 |
| 2016 | $676K | $254K | $2.8M | $6K | — | View 990 |
| 2015 | $227K | $239K | $2.3M | $5K | — | View 990 |
| 2014 | $460K | $156K | $2.4M | $785 | — | View 990 |
| 2013 | $384K | $116K | $1.9M | $0 | — | View 990 |
| 2012 | $638K | $1.4M | $1.7M | $0 | — | View 990 |
| 2011 | $950K | $1.1M | $2.4M | $0 | — | View 990 |
| 2010 | $1.2M | $684K | $2.6M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $495K, expenses of $182K, and assets of $4.6M (revenue -53.8% year-over-year).
- 2022: Revenue of $1.1M, expenses of $177K, and assets of $4.2M (revenue +400.3% year-over-year).
- 2021: Revenue of $214K, expenses of $154K, and assets of $3.9M (revenue +43.0% year-over-year).
- 2020: Revenue of $150K, expenses of $137K, and assets of $3.6M (revenue -78.8% year-over-year).
- 2019: Revenue of $707K, expenses of $165K, and assets of $3.4M (revenue +549.5% year-over-year).
- 2018: Revenue of $109K, expenses of $182K, and assets of $2.6M (revenue -28.7% year-over-year).
- 2017: Revenue of $153K, expenses of $156K, and assets of $2.9M (revenue -77.4% year-over-year).
- 2016: Revenue of $676K, expenses of $254K, and assets of $2.8M (revenue +198.1% year-over-year).
- 2015: Revenue of $227K, expenses of $239K, and assets of $2.3M (revenue -50.7% year-over-year).
- 2014: Revenue of $460K, expenses of $156K, and assets of $2.4M (revenue +19.7% year-over-year).
- 2013: Revenue of $384K, expenses of $116K, and assets of $1.9M (revenue -39.8% year-over-year).
- 2012: Revenue of $638K, expenses of $1.4M, and assets of $1.7M (revenue -32.8% year-over-year).
- 2011: Revenue of $950K, expenses of $1.1M, and assets of $2.4M (revenue -23.9% year-over-year).
- 2010: Revenue of $1.2M, expenses of $684K, and assets of $2.6M.
Data Sources and Methodology
This transparency report for Armenian Heritage Tribute And Genocide Memorial Foundation 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.