The Armory Foundation

Analysis

The Armory Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 1992, 34 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Armory Foundation reported income of $8.7m and spending of $8.8m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.1m to $8.7m (+42%), an average of +9.1% a year. The sharpest change came in the year to June 2022, when income rose by 26%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Armory Foundation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Georgia Association of Rehabilitation Facilities Inc ($8.7m), Fond du Lac Lutheran Home Inc ($8.7m) and New Horizons Community Mental Health Center Inc ($8.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $945k (11% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $10.6m against liabilities of $483k, net assets of $10.1m. It reported 105 employees.