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International : Development and Relief Services

Fund for Armenian Relief

Honor the past, empower the present, ensure the future

four stars

90.94

630 Second Avenue New York, NY 10016
tel: (212) 889-5150   Web Site
EIN: 13-3706646

Board Leadership
Daniel Findikyan
Chairman

CEO
Garnik A. Nanagoulian
Executive Director

  Score
(out of 100)
Rating
Overall Score & Rating 90.94 four stars
  Financial 90.00 four stars
  Accountability & Transparency 92.00 four stars
This rating was published 07/01/2020 and includes data from FY2018, the most recent 990 received at that time.

The Fund for Armenian Relief (FAR) was founded in 1988 in response to a devastating earthquake. FAR provides short-term emergency relief and implements long-term programs for the economic growth and social development of Armenia. It helps the most vulnerable segments of the population - children and the elderly - and prepares the youth and professionals to drive the country's new democratic state. FAR implements a wide range of programs in Armenia and Karabagh: from emergency relief to construction to education, medical aid, and economic development. Since its inception, FAR has channeled more than $265 million in humanitarian assistance to Armenia.

The Fund for Armenian Relief (FAR) was founded in 1988 in response to a devastating earthquake. FAR provides short-term emergency relief and implements long-term programs for the economic growth and social development of Armenia. It helps the most vulnerable segments of the population - children and the elderly - and prepares the youth and professionals to drive the country's new democratic state. FAR implements a wide range of programs in Armenia and Karabagh: from emergency relief to construction to education, medical aid, and economic development. Since its inception, FAR has channeled more than $265 million in humanitarian assistance to Armenia.

Impact Information

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Financial

four stars

90.00

Accountability & Transparency

four stars

92.00

This rating was published 07/01/2020 and includes data from FY2018, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
85.5%
  Administrative Expenses 8.9%
  Fundraising Expenses 5.4%
  Fundraising Efficiency $0.04
  Working Capital Ratio (years) 2.86
  Program Expenses Growth -0.3%
  Liabilities to Assets 0.6%
All data for Financial Performance Metrics calculations was provided by Fund for Armenian Relief on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Fund for Armenian Relief on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Fund for Armenian Relief (NY) 90.94 four stars
One Israel Fund Ltd. (NY) 92.61 four stars
Food for the Hungry (AZ) 90.18 four stars
Extreme Response International (GA) 86.69 three stars
Life for Relief and Development (MI) 92.71 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $2,967,119
   Federated Campaigns $265,000
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $0
Total Contributions $3,232,119
   Program Service Revenue $65,260
Total Primary Revenue $3,297,379
   Other Revenue $183,421
TOTAL REVENUE $3,480,800
   
EXPENSES  
   Program Expenses $4,024,642
   Administrative Expenses $405,524
   Fundraising Expenses $234,943
TOTAL FUNCTIONAL EXPENSES $4,665,109
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-1,184,309
   
Net Assets $17,219,779

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Humanitarian Aid $1,701,663 42.3%
Social and Educational Programs $1,167,238 29.0%
Agriculture and Economic Development $1,023,930 25.4%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2018-12 07/01/2020 90.94 four stars
2018-12 06/01/2020 89.48 three stars
2018-12 04/01/2020 87.25 three stars
2017-12 12/21/2018 88.89 three stars
2016-12 04/01/2018 89.39 three stars
2015-12 02/01/2017 89.39 three stars
2014-12 06/01/2016 89.39 three stars
 
CN 2.0
2014-12 02/01/2016 89.35 three stars
2013-12 06/01/2015 85.46 three stars
2012-12 12/20/2013 86.51 three stars
2011-12 03/01/2013 80.84 three stars
2010-12 04/01/2012 81.06 three stars
2009-12 09/20/2011 80.85 three stars
 
CN 1.0
2009-12 02/01/2011 75.26 two stars
2008-12 05/01/2010 78.65 two stars
2007-12 12/17/2008 88.12 three stars
2006-12 02/01/2008 93.06 four stars
2005-12 02/01/2007 93.21 four stars
2004-12 10/01/2005 76.65 two stars
2003-12 01/05/2005 63.09 one star

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 13-3706646
Name in IRS Master File FUND FOR ARMENIAN RELIEF INC
NTEE Code Q30
NTEE Classification International Development, Relief Services
NTEE Type International, Foreign Affairs and National Security
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (910) Domestic organization with activities outside U.S.
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date August, 1993
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2017
  • December, 2016
  • December, 2015
  • December, 2014
  • December, 2013
Compensation % of Expenses Paid to Title
$135,303 2.90% Garnik Nanagoulian Executive Director

Highly Rated

Charity Name & State Overall Score Overall Rating
Fund for Armenian Relief (NY) 90.94 four stars
Global Hope Network International (FL) 91.65 four stars
Pilgrim Africa (WA) 86.44 three stars
Islamic Relief USA (VA) 91.16 four stars
UCP Wheels for Humanity (CA) 87.62 three stars

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This charity has an official representative registered with Charity Navigator.

Charity Contact Info

Fund for Armenian Relief
630 Second Avenue
New York, NY 10016
tel: (212) 889-5150
fax: (212) 889-4849
EIN: 13-3706646

Visit Web Site

Board Leadership

Daniel Findikyan
Chairman

CEO

Garnik A. Nanagoulian
Executive Director

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