Teach For Armenia - Annual Report - 2024 | Page 65

OPERATIONS VS. PROGRAMS COST RATIO PROGRESSION Operations Programs Programs Support 65 % 35 % 2015 69 % 31 % 2016 74 % 26 % 2017 80 % 20 % 2018 81 % 19 % 2019 85 % 15 % 2020 22 % 67 % 11 % 2021 20 % 69 % 11 % 2022 32 % 57 % 11 % 2023 28 % 60 % 12 % 2024 64