The Armory Foundation
The Armory Foundation reported $8.3 million in revenue and $10.2 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $90.63 went to program services, $6.50 to management and general costs and $2.87 to fundraising. Its largest source of revenue was contributions and grants: 53.1% of the total. The highest compensation it reported for one person was $447,140 (CO-PRESIDENT). 10 people received more than $100,000 in reportable compensation. Revenue rose 11% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $10MFor context, the median across 2,433 covered unclassified charities: $88.27 programs, $11.68 management, $0.05 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $8.3MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 90.6% | 86.7% |
| Management & general Part IX 25(C) ÷ 25(A) | 6.5% | 11.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 2.9% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.07 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 53.1% | 29.9% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 3.6% | 3.8% |
| Program service revenue share Part VIII 2g ÷ 12 | 42.7% | 58.9% |
| Highest reported compensation Part VII-A, columns D–F | $447,140 | $301,601 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 4.37% | 1.38% |
| People paid over $100,000 Part VII, line 2 | 10 | 6 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | -8.4 | 6.8 |
| Independent voting board members Part VI 1a–1b | 15 of 17 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseTrack and field meets: over 105 track and field meets are held each year at the armory ranging in size from 100 athletes to over 5,000. The armory track is considered to be the fastest track in the world and attracts athletes and spectators from all over the united states. Track practices: in a normal year, the armory hosts 220 track practice sessions attracting approximately 70,000 visits of mostly young athletes. Programming extends beyond youth and reaches community adults and seniors, but the focus remains on youth. The main track season runs from october through the middle of april, but…
High school training: up to 2,000 new york city students train at the armory, tuesdays and thursdays from november to april on the fabled armory track. Training includes a supplemental coaching staff paid by the armory to help students develop their skills. Most students have coaches who are fluent in one of the events of track and field. Only very few of them are experts in throwing, pole vaulting, hurdles or even race-walking. In order to provide the best possible experience, the armory brings in these coaches. Youth training: in a normal year, as many as 500 students in grades 2-8 from…
Armory college prep high school: this is a college success program targeting high school students who practice at the armory, many of whom will be first generation college students. Armory college prep supplies rigorous academic instruction, sat prep classes, one-on-one college counseling, including financial aid and ncaa regulation information and multiple trips to visit colleges. In a typical year. This program works with over 60 students each year to complete high school, gain acceptance to four-year colleges and to succeed at college
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CO-PRESIDENT Director/trustee, officer, 40.0 hrs/week | $390,255 | $0 | $56,885 | $447,140 |
| CO-PRESIDENT Director/trustee, officer, 40.0 hrs/week | $407,859 | $0 | $38,026 | $445,885 |
| CHIEF OPERATING OFFICER Officer, 40.0 hrs/week | $237,473 | $0 | $1,300 | $238,773 |
| BUILDING MANAGER Highest compensated employee, 40.0 hrs/week | $138,697 | $0 | $44,942 | $183,639 |
| DIRECTOR OF FACILITIES Highest compensated employee, 40.0 hrs/week | $142,208 | $0 | $38,977 | $181,185 |
| Director of Youth Programming Highest compensated employee, 40.0 hrs/week | $127,889 | $0 | $44,451 | $172,340 |
| Director of College Admissions Highest compensated employee, 40.0 hrs/week | $126,193 | $0 | $24,942 | $151,135 |
| Senior Accountant Highest compensated employee, 40.0 hrs/week | $129,769 | $0 | $14,942 | $144,711 |
10 people received more than $100,000 in reportable compensation from The Armory Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.0M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b17 · 15 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5152
- Volunteers Part I, line 6520
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| SOUTHSIDE COMPLETE INC Flooring Installation | $352,045 |
| STATE GROUP LLC Tutoring | $284,410 |
| FULTON ACCURATE TIMING Track Management | $120,571 |
| FLYNN SPORTS MANAGEMENT Track Management | $101,313 |
Individuals listed as contractors are left out. 4 contractors were paid more than $100,000 in all.
Private foundation grants it received
9 private foundations reported grants to The Armory Foundation totaling $161K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from The Armory Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for The Armory Foundation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 The Armory Foundation spent in FY2025, $90.63 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- West Virginia Health RightCharleston, WV · revenue $7.8M · programs 83.2% · FY2025
- Lutheran Social Services of the Virgin IslandsFrederiksted, VI · revenue $8.4M · programs 86.7% · FY2025
- Outreach Foundation of the Presbyterian ChurchFranklin, TN · revenue $7.8M · programs 93.0% · 2025
- Indianapolis Center for CongregationsIndianapolis, IN · revenue $8.5M · programs 84.1% · 2024
- Big Bend Homeless CoalitionTallahassee, FL · revenue $7.8M · programs 94.4% · FY2025
Questions people ask
How much of The Armory Foundation's spending goes to programs?
In the fiscal year ending June 30, 2025, The Armory Foundation reported that 90.6% of its $10.2 million in expenses went to program services, 6.5% to management and general and 2.9% to fundraising (Form 990, Part IX).
How much does The Armory Foundation pay its top executive?
The largest total compensation The Armory Foundation reported for one person in the fiscal year ending June 30, 2025 was $447,140, for the role of CO-PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does The Armory Foundation get its money?
Of $8.3 million in revenue in the fiscal year ending June 30, 2025, 53.1% came from contributions and grants (including 3.6% from government grants) and 42.7% from program service revenue (Form 990, Part VIII).
Is The Armory Foundation a registered charity?
The IRS lists EIN 13-3680286 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025 (amended), object 202631349349313268 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024 (amended), object 202532469349301913 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023 (amended), object 202422399349301517 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202340969349301404 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202221369349317552 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202121179349301632 · read the filing
All filings for EIN 13-3680286: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.