The Armory Arts & Events Center

Analysis

The Armory Arts & Events Center is a registered charity in United States, based in Park Rapids, MN. It received its IRS tax-exemption ruling in September 2011, 15 years ago. Its declared purposes cover public and societal benefit, 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 December 2023, The Armory Arts & Events Center reported income of $110k and spending of $89k, spending 80% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $146k to $110k (-24%), an average of -24% a year. The sharpest change came in the year to December 2023, when income dropped by 24%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Armory Arts & Events Center sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 37th percentile within MN. Charities of a similar size with the same main cause include Little League Baseball Inc ($110k), Hayfork Scholarship Foundation ($110k) and Nassau-Suffolk Hospital Council Inc Long Island ($110k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 47% of the total. At year end it held assets of $22k against liabilities of $0, net assets of $22k.