Thrive Armenia Foundation INC
Nonprofit profile at a glance
- EIN
- 861987954
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2023
- Location
- Thornwood, NY, USA
- Phone
- 9176868843
- Rating
- 43
- Verdict
- MIXED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $103,305
- Expenses
- $75,115
- Assets
- $28,190
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- Anna Bruno (Founder and CEO)
People named in this filing
- Anna Bruno (Founder and CEO)
- Seda Papoyan (Primary Contact Program Lead FemInno)
- Arpi Khalatyan (Program Manager FemInno STEM)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Thrive Armenia Foundation is a US-based nonprofit dedicated to strengthening Armenia through education skill development and community empowerment We support displaced individuals especially women and youth by providing job training digital literacy and entrepreneurship programs Our initiatives include renovating schools hosting financial literacy workshops and facilitating intercultural exchanges In 2024 we partnered with local organizations to deliver grants offer vocational training and support humanitarian efforts aimed at creating long-term self-sustaining impact in Armenian communities
What it reported doing in 2024
In 2024 Thrive Armenia Foundation deepened its impact through education skills development and community advancement across Armenia With a 100000 grant from the Henry Luce Foundation we launched the FemInno Elevating Armenian Girls in STEM program in collaboration with FemInno an Armenia-based nonprofit The initiative supported mid-to-high school girls through STEM Acceleration Awards rural scholarships and the creation of a global Armenian Women in STEM network Additionally we provided grants and direct aid to displaced individuals offered financial literacy and entrepreneurship training and partnered with local schools and community leaders to expand access to opportunity These efforts empowered young women enhanced digital skills and strengthened local capacity particularly in rural and underserved regions
Operating model
- Revenue model
- Donor-supported. 97% of the money available for current operations came from contributions and gifts.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 100
- Sustainability: 63
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0.1%; rating input score 0
- Program expense ratio: 0.1%; rating input score 0
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 27.3%; rating input score 81; 81st percentile among comparable filings
- Total-asset coverage ratio: 0.38; rating input score 30; 30th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 0.1% of revenue deployed · 0.1% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $79 in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 8 of 9 current checks pass · 1 finding to review
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
- Moderate — Sustainability: Total-asset coverage ratio scored 30/100.