George & Frances Armour Foundation Inc
George & Frances Armour Foundation maintains strong asset growth with zero officer compensation.
EIN: 136155619 · Stamford, CT · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $751K |
| Total Expenses | $104K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1.6 |
| Net Assets | $1.7M |
| Transparency Score | 90/100 |
Is George & Frances Armour Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
George & Frances Armour Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About George & Frances Armour Foundation Inc
George & Frances Armour Foundation Inc (EIN: 136155619) is a nonprofit organization based in Stamford, CT. The organization reported total revenue of $751K and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of George & Frances Armour Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
George & Frances Armour Foundation Inc is a small nonprofit that has been operating for 69 years, with 10 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 0.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $99K |
| Total Expenses | $104K |
| Surplus / Deficit | $-4,819 |
| Total Assets | $1.7M |
| Total Liabilities | $1 |
| Net Assets | $1.7M |
| Operating Margin | -4.9% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 195.0 months |
Financial Health Grade: B
In 2024, George & Frances Armour Foundation Inc reported a deficit of $5K with expenses exceeding revenue, holds 195.0 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 (2012–2024), George & Frances Armour Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -58.9% | -24.6% | -0.3% |
| 2023 | -12.4% | +2.9% | +6.5% |
| 2022 | -61.2% | +77.4% | +9.7% |
| 2021 | +851.8% | -5.6% | +77.6% |
| 2020 | +915.0% | -25.8% | -11.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1957 |
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 George & Frances Armour Foundation Inc with a Mission Score of 90 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: 90%
- fundraising: 0%
According to IRS 990 filings, George & Frances Armour Foundation 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $5K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that no officers receive salaries from the foundation, which is highly commendable for a foundation of its size with assets over $1.6 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.
Strengths
The following positive indicators were identified for George & Frances Armour Foundation Inc:
- Consistent asset growth, increasing from $1,010,149 in 201203 to $1,683,788 in 202403.
- Zero officer compensation reported across all filings, indicating high efficiency in directing funds.
- Extremely low liabilities (consistently $0 or $1), demonstrating excellent financial stability.
- Consistent IRS 990 filing history, indicating strong transparency and compliance.
- Expenses generally well-managed relative to asset base, supporting long-term sustainability.
Frequently Asked Questions about George & Frances Armour Foundation Inc
Is George & Frances Armour Foundation Inc a legitimate charity?
George & Frances Armour Foundation Inc (EIN: 136155619) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 90/100. It has 10 years of IRS 990 filings on record. Total revenue: $751K. No red flags identified. 5 strengths noted. Financial health grade: B.
How does George & Frances Armour Foundation Inc spend its money?
George & Frances Armour Foundation Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to George & Frances Armour Foundation Inc tax-deductible?
George & Frances Armour Foundation Inc is registered as a tax-exempt nonprofit (EIN: 136155619). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the George & Frances Armour Foundation Inc CEO make?
George & Frances Armour Foundation Inc's highest-compensated officer earns $1.6 annually. The organization reported $751K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is George & Frances Armour Foundation Inc located?
George & Frances Armour Foundation Inc is headquartered in Stamford, Connecticut and files with the IRS under EIN 136155619.
How many years of IRS 990 filings does George & Frances Armour Foundation Inc have?
George & Frances Armour Foundation Inc 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 $751K in total revenue.
What is the primary focus of the George & Frances Armour Foundation's grant-making?
Based solely on the provided financial data, the specific grant-making focus is not detailed. Further investigation into their Form 990 Schedule I (Grants and Other Assistance) would be necessary to identify their beneficiaries and mission areas.
How does the foundation manage its investment assets?
The financial data shows consistent asset growth from $1,010,149 in 201203 to $1,683,788 in 202403, suggesting effective investment management, though specific investment strategies are not detailed in this summary.
Is the foundation's revenue volatile?
Yes, the foundation's revenue has shown significant fluctuations, ranging from $7,312 in 201603 to $706,399 in 202103, indicating reliance on variable income sources, likely investment returns or specific contributions.
Filing History
IRS 990 filing history for George & Frances Armour Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2024), George & Frances Armour Foundation Inc's revenue has grown by 0.7%, moving from $98K to $99K. Total assets increased by 66.7% over the same period, from $1.0M to $1.7M. Total functional expenses rose by 128.3%, from $45K to $104K. In its most recent filing year (2024), George & Frances Armour Foundation Inc reported a deficit of $5K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.7M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $99K | $104K | $1.7M | $1 | — | View 990 |
| 2023 | $240K | $137K | $1.7M | $1 | — | View 990 |
| 2022 | $274K | $134K | $1.6M | $1 | — | View 990 |
| 2021 | $706K | $75K | $1.4M | $1 | — | View 990 |
| 2020 | $74K | $80K | $814K | $0 | — | View 990 |
| 2016 | $7K | $108K | $919K | $0 | — | View 990 |
| 2015 | $15K | $21K | $1.0M | $0 | — | View 990 |
| 2014 | $34K | $97K | $1.0M | $0 | — | View 990 |
| 2013 | $140K | $62K | $1.1M | $0 | — | View 990 |
| 2012 | $98K | $45K | $1.0M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $99K, expenses of $104K, and assets of $1.7M (revenue -58.9% year-over-year).
- 2023: Revenue of $240K, expenses of $137K, and assets of $1.7M (revenue -12.4% year-over-year).
- 2022: Revenue of $274K, expenses of $134K, and assets of $1.6M (revenue -61.2% year-over-year).
- 2021: Revenue of $706K, expenses of $75K, and assets of $1.4M (revenue +851.8% year-over-year).
- 2020: Revenue of $74K, expenses of $80K, and assets of $814K (revenue +915.0% year-over-year).
- 2016: Revenue of $7K, expenses of $108K, and assets of $919K (revenue -51.3% year-over-year).
- 2015: Revenue of $15K, expenses of $21K, and assets of $1.0M (revenue -56.0% year-over-year).
- 2014: Revenue of $34K, expenses of $97K, and assets of $1.0M (revenue -75.6% year-over-year).
- 2013: Revenue of $140K, expenses of $62K, and assets of $1.1M (revenue +42.9% year-over-year).
- 2012: Revenue of $98K, expenses of $45K, and assets of $1.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for George & Frances Armour Foundation Inc:
Data Sources and Methodology
This transparency report for George & Frances Armour 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.