Armory Center For The Arts
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,070,032 | 2,644,121 | −574,089 | 20.3 | 69% |
| 2021 | 2,463,548 | 1,740,759 | 722,789 | 41.1 | 63% |
| 2022 | 2,248,410 | 2,257,437 | −9,027 | 28.1 | 64% |
| 2023 | 2,891,630 | 2,766,530 | 125,100 | 25.3 | 66% |
In its most recent public year (2023), this organization brought in $125,100 more than it spent. Its reserves stood at about 25.3 months of spending, up from 20.3 in 2020. Staff pay was 66% of spending. $2,875,936 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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