Armada Educational Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 19,764 | 16,657 | 3,107 | 24.2 | — |
| 2012 | 25,275 | 22,211 | 3,064 | 19.8 | — |
| 2013 | 29,357 | 26,770 | 2,587 | 17.6 | — |
| 2014 | 28,304 | 29,329 | −1,025 | 15.6 | — |
| 2015 | 32,342 | 27,106 | 5,236 | 19.2 | — |
| 2016 | 27,718 | 34,836 | −7,118 | 12.5 | — |
| 2017 | 27,369 | 33,537 | −6,168 | 10.8 | — |
| 2018 | 29,565 | 33,280 | −3,715 | 9.5 | — |
| 2019 | 28,230 | 38,043 | −9,813 | 5.2 | — |
| 2020 | 81,820 | 32,227 | 49,593 | 24.6 | — |
| 2021 | 121,931 | 120,128 | 1,803 | 6.8 | — |
| 2022 | 89,331 | 46,711 | 42,620 | 28.4 | — |
| 2023 | 43,837 | 95,059 | −51,222 | 7.5 | — |
| 2024 | 39,456 | 44,919 | −5,463 | 14.4 | — |
In its most recent public year (2024), this organization spent $5,463 more than it brought in. Its reserves stood at about 14.4 months of spending, down from 24.2 in 2011.
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 2024. 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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