The Armory Art Center Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,460,529 | 2,512,294 | −51,765 | 16.6 | 22% |
| 2021 | 1,654,079 | 1,548,747 | 105,332 | 27.3 | 39% |
| 2022 | 1,979,462 | 2,537,031 | −557,569 | 18.4 | 26% |
| 2023 | 2,704,299 | 2,529,468 | 174,831 | 19.1 | 23% |
In its most recent public year (2023), this organization brought in $174,831 more than it spent. Its reserves stood at about 19.1 months of spending, up from 16.6 in 2020. Staff pay was 23% of spending. $1,161,456 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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