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Children of Armenia Fund Inc

EIN 11-3579187 · New York, NY

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood88 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

COAFs goal is to empower the younger generation of Armenians living in the country's impoverished and neglected rural villages.While COAF's work is all-encompassing, the emphasis is on education. The organizations work combines infrastructure projects schools, medical clinics, health posts, community centers, athletic facilities with world class educational, socioeconomic, health care, and community programs. The objective is to enable young Armenians to define and build their own future with guidance provided by COAF.

Income
$14.3 million
Spending
$14.5 million
Spent on programs
96%
Reserves
13.1 months of spending
Largest source of income
donations and private grants, 98%
Employees
0
Volunteers
14

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 88 out of 100. Higher than 81% of charities in its peer group (international, $10m to $100m).

  • Reserves

    35 of 35

    Spendable reserves would cover 13.1 months of spending.

  • Debt

    20 of 20

    It owes 1% of what it owns.

  • Living within its means

    8 of 15

    Spending exceeded income by 2% of income.

  • Income trend

    10 of 15

    Income fell 1% on the year before.

  • Spending floor

    15 of 15

    96% of spending went to programs and raising each dollar of donations cost 3 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100. Higher than 36% of charities in its peer group (international, $10m to $100m).

  • Independent board

    25 of 25

    14 of 14 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $13.9 million spent. Since 2004, the Children of Armenia Fund (COAF) has improved living conditions in Armenias underserved rural areas, including educational and social advancements in 60+ communities across 6 regions, making a lasting impact on the lives of 107,000+ Armenians. Revitalizing Armenia begins with strengthening education and broadening the opportunities of the nations children, ensuring a forward-thinking, globally competitive citizenry. This understanding propelled the creation of the COAF SMART initiative, a comprehensive and replicable educational model. In 2018, COAF inaugurated its flagship SMART Center in the Lori region. An innovative educational facility, the SMART Center offers 2,000+ rural children and youth from 28 communities access to essential educational resources and after-school programs. In 2021, we expanded our focus. Forming unprecedented institutional, private sector, and NGO partnerships, we took significant strides to further our programmatic work throughout Armenia. The opening of our Child and Family Services Center in Hatsik village marked a new era of our approach to rural health. We extended our network of SMART initiatives in the Lori region with new SMART Village infrastructure, designed to spur social and economic progress in 27 rural communities. During our "Home Is Calling" virtual gala, we garnered record-setting support to build SMART Centers across Armenia, starting with the Armavir Smart Center, with construction beginning in 2022. COAF supporters reached out from across the globe to offer their talents and resources to the rural Armenian community, ensuring continued advancement for Armenia's children during even these difficult times. As we look ahead, our commitment to Armenia remains steadfast and strengthened by that of our community.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since September 2002.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.