The Armory Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 5,643,565 | 4,305,189 | 1,338,376 | 28.7 | 37% |
| 2012 | 4,353,033 | 4,970,924 | −617,891 | 23.4 | 35% |
| 2013 | 4,722,140 | 5,126,026 | −403,886 | 21.7 | 36% |
| 2014 | 5,281,024 | 5,629,097 | −348,073 | 19.1 | 36% |
| 2015 | 5,402,361 | 6,458,765 | −1,056,404 | 14.7 | 37% |
| 2016 | 5,563,798 | 6,524,028 | −960,230 | 12.7 | 40% |
| 2017 | 6,095,058 | 6,815,239 | −720,181 | 10.9 | 42% |
| 2018 | 8,943,213 | 7,121,887 | 1,821,326 | 13.5 | 42% |
| 2019 | 6,143,284 | 6,777,181 | −633,897 | 13.1 | 41% |
| 2020 | 7,445,185 | 7,226,541 | 218,644 | 12.6 | 43% |
| 2021 | 6,508,485 | 4,567,316 | 1,941,169 | 25.3 | 47% |
| 2022 | 8,230,990 | 7,905,763 | 325,227 | 15.0 | 41% |
| 2023 | 8,712,260 | 8,766,987 | −54,727 | 13.8 | 41% |
In its most recent public year (2023), this organization spent $54,727 more than it brought in. Its reserves stood at about 13.8 months of spending, down from 28.7 in 2011. Staff pay was 41% of spending. $289,005 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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