Armory Youth Project

Analysis

Armory Youth Project is a registered charity in United States, based in Manistee, MI. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Armory Youth Project reported income of $176k and spending of $318k, spending 181% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $145k to $176k (+21%), an average of +4.9% a year. The sharpest change came in the year to December 2021, when income rose by 57%. Over the whole period it spent 107% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Armory Youth Project sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 50th percentile within MI. Charities of a similar size with the same main cause include Hallins Corporation ($176k), Girls on the Run of Berks County ($176k) and Regents of the University of Minnesota ($176k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 8.3% of the total. Other salaries and wages came to $131k. At year end it held assets of $866k against liabilities of $192k, net assets of $674k. It reported 15 employees.