Overview
What is Armenian Relief Society Inc?
Armenian Relief Society Inc, located at 80 BIGELOW AVE SUITE 300, WATERTOWN, MA 02472, is a nonprofit organization with a mission to serve the humanitarian needs of the Armenian people and preserve their cultural identity worldwide. They extend their aid not only to Armenians but also to individuals in need due to natural and man-made disasters. Recently, they launched the "Stand with Lebanon" program, providing financial assistance to families affected by the August 6, 2021, port blast in Beirut, Lebanon. With a workforce of 4 individuals, this organization demonstrates a strong commitment to supporting their community and those in need globally.
Official website here: www.ars1910.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 95% - Four-Star out of Four Star rating
The Armenian Relief Society Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in Accountability & Finance. The charity's score highlights its commitment to transparency and responsible management of resources, with an impressive 95% score in this category. The organization benefits from a fully independent board, which is crucial for sound governance and oversight.
The operational metrics are notably strong, with a program expense ratio of 89.05%, indicating that a significant majority of its funds are directed toward its programs rather than administrative costs. Additionally, the organization demonstrates excellent fundraising efficiency, requiring only $0.03 to raise a dollar, which enhances its capacity to support its charitable mission.
While the charity shows no material diversion of assets and maintains a healthy liabilities to assets ratio of 4.92%, these factors contribute to its robust financial health. Overall, the Armenian Relief Society Inc is recognized for its effective stewardship of resources and commitment to accountability, ensuring that donor contributions are utilized efficiently to benefit its cause.
This AI summary has been generated from information found on Charity Navigator.
Is Armenian Relief Society Inc legitimate?
Armenian Relief Society Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Armenian Relief Society Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $20,634
Professional Fundraising Fees: $0
Other Salaries and Wages: $123,367
For more financial information, click here
Official website here: www.ars1910.org
What is the mission statement of Armenian Relief Society Inc?
The Armenian Relief Society Inc's mission is centered around serving the humanitarian needs of the Armenian community worldwide while preserving their cultural identity. Beyond this, they are committed to aiding people in need, regardless of their ethnicity, in the aftermath of both natural and man-made disasters. This non-profit organization strives to provide assistance during times of crisis, demonstrating a strong sense of compassion and support.
As part of their mission, the Armenian Relief Society Inc has launched initiatives to provide financial assistance to families affected by disasters. For instance, they offered aid to families impacted by the August 6, 2021, Beirut port blast in Lebanon. This demonstrates their dedication to helping people in need, regardless of their nationality.
In summary, the Armenian Relief Society Inc's mission encompasses humanitarian aid, cultural preservation, and support for individuals and communities affected by crises. They seek to make a difference in the lives of people worldwide, embodying compassion, understanding, and a strong sense of community.
Official website here: www.ars1910.org
Who is the CEO of Armenian Relief Society Inc?
Nyree Derderian is the Chairperson of Armenian Relief Society Inc.
Official website here: www.ars1910.org
What is the revenue of Armenian Relief Society Inc?
Armenian Relief Society Inc's revenue in 2022 was $2,175,046.
Official website here: www.ars1910.org
Who are the executives of Armenian Relief Society Inc and what are their salaries?
The average compensation at Armenian Relief Society Inc during 2022 was $36,000. There are 4 employees and 90 volunteers at Armenian Relief Society Inc.
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- Compensation: $36,384
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Official website here: www.ars1910.org
Where can I find the form 990 for Armenian Relief Society Inc?
Armenian Relief Society Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ars1910.org
Learn more at the official website: www.ars1910.org
Mission Statement of Armenian Relief Society Inc
The Armenian Relief Society Inc is dedicated to serving the humanitarian needs of the Armenian people and preserving the cultural identity of the Armenian nation worldwide. Furthermore, this nonprofit organization extends its aid to individuals in need, both Armenian and non-Armenian, in the face of natural and man-made disasters.
In line with its mission, the Armenian Relief Society Inc takes action to provide assistance during critical times. For instance, following the August 6, 2021, "Port Blast" in Beirut, Lebanon, the organization initiated a program to offer financial aid to affected families. This initiative underscores their commitment to supporting communities in need, regardless of ethnicity. The Armenian Relief Society Inc's mission is a testament to its deep dedication to humanitarian causes and cultural preservation, reaching out to people across the globe.
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Impact
July, 2024
Armenian Relief Society Inc's impact is significant in serving the humanitarian needs of the Armenian people and preserving the cultural identity of the Armenian nation worldwide. They also provide aid to people in need, both Armenian and non-Armenian, affected by natural and man-made disasters. One notable program, "Stand with Lebanon," exemplifies their commitment to assisting those in crisis. This initiative offered financial assistance to families impacted by the "Port Blast" that shook Beirut, Lebanon, on August 6, 2021. Through their efforts, Armenian Relief Society Inc exemplifies compassion, solidarity, and practical support for communities facing adversity.
This information is meant to be a general summary of Armenian Relief Society Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $267,151
- Program Service Revenue: $172,672
- Gross Receipts: $2,919,690
Assets and Liabilities:
- Total Assets: $6,926,919
- Total Liabilities: $233,102
- Net Assets: $6,693,817
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE PROGRAM
Revenue
$172,672
Organization Details
Founding Year
1939
Phone
(617) 926-5892Principal Officer
Nyree Derderian
Main Address
80 BIGELOW AVE SUITE 300, WATERTOWN, MA, 02472
Website
www.ars1910.orgNTEE Category
Code: Q330 - International
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