Armory Center for the Arts

Analysis

Armory Center for the Arts is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in October 1974, 52 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Armory Center for the Arts reported income of $2.9m and spending of $2.8m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.4m to $2.9m (+23%), an average of +5.3% a year. The sharpest change came in the year to June 2023, when income rose by 29%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Armory Center for the Arts sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include American Kennel Club Museum of the Dog ($2.9m), Pregones Puerto Rican Traveling Theater Inc ($2.9m) and Italian American Museum ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $278k (10% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $5.9m against liabilities of $94k, net assets of $5.8m. It reported 84 employees.