United Armenian Charities Inc
United Armenian Charities Inc. maintains stable expenses and growing assets despite fluctuating revenues, with no reported officer compensation.
EIN: 136125023 · New York, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $9.4M |
| Total Expenses | $2.0M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $28.8 |
| Net Assets | $28.6M |
| Transparency Score | 85/100 |
Is United Armenian Charities Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
United Armenian Charities Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About United Armenian Charities Inc
United Armenian Charities Inc (EIN: 136125023) is a nonprofit organization based in New York, NY. The organization reported total revenue of $9.4M and total assets of $28.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of United Armenian Charities Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
United Armenian Charities Inc is a mid-size nonprofit that has been operating for 74 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.3M |
| Total Expenses | $2.0M |
| Surplus / Deficit | +$267K |
| Total Assets | $28.6M |
| Total Liabilities | $4K |
| Net Assets | $28.6M |
| Operating Margin | 11.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 168.5 months |
Financial Health Grade: A
In 2023, United Armenian Charities Inc reported a surplus of $267K with revenue exceeding expenses, holds 168.5 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), United Armenian Charities Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +50.5% | +4.8% | +0.8% |
| 2022 | -40.3% | -3.7% | -1.5% |
| 2021 | +205.1% | +3.0% | +2.3% |
| 2020 | -62.4% | -5.9% | -3.8% |
| 2019 | -90.8% | +11.1% | -6.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1270 |
| IRS Ruling Date | 1952 |
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 United Armenian Charities 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, United Armenian Charities 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 $267K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size with assets of $28.8 million. This suggests either a fully volunteer leadership structure or that compensation is categorized differently, which would warrant further investigation for complete transparency.
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 United Armenian Charities Inc's IRS 990 filings:
- Significant revenue volatility year-over-year, making future income less predictable.
- Lack of detailed functional expense breakdown (program, admin, fundraising) in provided data, hindering precise efficiency assessment.
Strengths
The following positive indicators were identified for United Armenian Charities Inc:
- Strong asset growth over the long term, from $6.8 million in 2011 to $28.8 million currently, indicating financial stability.
- Consistently low liabilities, demonstrating a healthy balance sheet.
- Stable expense levels despite revenue fluctuations, suggesting good cost control.
- Consistent reporting of 0% officer compensation, potentially indicating highly efficient, volunteer-led operations.
- Positive net income in most recent years, indicating financial sustainability and ability to build reserves.
Frequently Asked Questions about United Armenian Charities Inc
Is United Armenian Charities Inc a legitimate charity?
United Armenian Charities Inc (EIN: 136125023) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $9.4M. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does United Armenian Charities Inc spend its money?
United Armenian Charities Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to United Armenian Charities Inc tax-deductible?
United Armenian Charities Inc is registered as a tax-exempt nonprofit (EIN: 136125023). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the United Armenian Charities Inc CEO make?
United Armenian Charities Inc's highest-compensated officer earns $28.8 annually. The organization reported $9.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of United Armenian Charities Inc's spending goes to programs?
United Armenian Charities Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is United Armenian Charities Inc located?
United Armenian Charities Inc is headquartered in New York, New York and files with the IRS under EIN 136125023.
How many years of IRS 990 filings does United Armenian Charities Inc have?
United Armenian Charities 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 $9.4M in total revenue.
How does United Armenian Charities Inc. manage to operate with 0% reported officer compensation?
The consistent reporting of 0% officer compensation across all filings suggests either a fully volunteer leadership model or that executive compensation is categorized under other expense lines, which is not explicitly detailed in the provided data. Further inquiry into their operational structure would be needed to clarify this.
What is the primary cause of the significant revenue fluctuations, such as the $24.4 million in 2015 compared to $839,703 in 2020?
The provided data does not specify the reasons for these large revenue fluctuations. It could be due to large one-time grants, major fundraising campaigns in specific years, or significant changes in donor contributions. A review of their financial statements would be needed to understand the underlying causes.
What are the specific programs United Armenian Charities Inc. funds with its consistent expenses?
The provided IRS 990 data offers a high-level overview of revenues and expenses but does not detail the specific programs or initiatives that the organization funds. To understand their program activities, one would need to consult their mission statement, annual reports, or program descriptions.
Filing History
IRS 990 filing history for United Armenian Charities Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), United Armenian Charities Inc's revenue has grown by 82.5%, moving from $1.3M to $2.3M. Total assets increased by 314.5% over the same period, from $6.9M to $28.6M. Total functional expenses rose by 105.9%, from $988K to $2.0M. In its most recent filing year (2023), United Armenian Charities Inc reported a surplus of $267K, with revenue exceeding expenses. The organization holds $4K in liabilities against $28.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $28.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.3M | $2.0M | $28.6M | $4K | — | — |
| 2022 | $1.5M | $1.9M | $28.3M | $2K | — | View 990 |
| 2021 | $2.6M | $2.0M | $28.8M | $40K | — | View 990 |
| 2020 | $840K | $2.0M | $28.1M | $1 | — | View 990 |
| 2019 | $2.2M | $2.1M | $29.3M | $0 | — | View 990 |
| 2015 | $24.4M | $1.9M | $31.1M | $84K | — | View 990 |
| 2014 | $1.3M | $2.2M | $8.8M | $47K | — | View 990 |
| 2013 | $1.4M | $1.2M | $9.5M | $232K | — | View 990 |
| 2012 | $1.0M | $1.0M | $7.0M | $99K | — | View 990 |
| 2011 | $1.3M | $988K | $6.9M | $62K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.3M, expenses of $2.0M, and assets of $28.6M (revenue +50.5% year-over-year).
- 2022: Revenue of $1.5M, expenses of $1.9M, and assets of $28.3M (revenue -40.3% year-over-year).
- 2021: Revenue of $2.6M, expenses of $2.0M, and assets of $28.8M (revenue +205.1% year-over-year).
- 2020: Revenue of $840K, expenses of $2.0M, and assets of $28.1M (revenue -62.4% year-over-year).
- 2019: Revenue of $2.2M, expenses of $2.1M, and assets of $29.3M (revenue -90.8% year-over-year).
- 2015: Revenue of $24.4M, expenses of $1.9M, and assets of $31.1M (revenue +1808.3% year-over-year).
- 2014: Revenue of $1.3M, expenses of $2.2M, and assets of $8.8M (revenue -7.5% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.2M, and assets of $9.5M (revenue +32.1% year-over-year).
- 2012: Revenue of $1.0M, expenses of $1.0M, and assets of $7.0M (revenue -17.0% year-over-year).
- 2011: Revenue of $1.3M, expenses of $988K, and assets of $6.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for United Armenian Charities Inc:
Data Sources and Methodology
This transparency report for United Armenian Charities 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.