The Armory Foundation
The Armory Foundation maintains stable finances with no reported executive compensation.
EIN: 133680286 · New York, NY · NTEE: Z99Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $13.2M |
| Total Expenses | $8.8M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $8 |
| Net Assets | $10.1M |
| Transparency Score | 90/100 |
Is The Armory Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Armory Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Armory Foundation
The Armory Foundation (EIN: 133680286) is a nonprofit organization based in New York, NY, classified under NTEE code Z99Z. The organization reported total revenue of $13.2M and total assets of $13.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Armory Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Armory Foundation is a large nonprofit that has been operating for 34 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $8.7M |
| Total Expenses | $8.8M |
| Surplus / Deficit | $-54,727 |
| Total Assets | $10.6M |
| Total Liabilities | $483K |
| Net Assets | $10.1M |
| Operating Margin | -0.6% |
| Debt-to-Asset Ratio | 4.6% |
| Months of Reserves | 14.4 months |
Financial Health Grade: B
In 2023, The Armory Foundation reported a deficit of $55K with expenses exceeding revenue, holds 14.4 months of operating reserves (strong position), has a debt-to-asset ratio of 4.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), The Armory Foundation's revenue has grown at a compound annual growth rate (CAGR) of 3.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.8% | +10.9% | -2.3% |
| 2022 | +26.5% | +73.1% | -10.7% |
| 2021 | -12.6% | -36.8% | +26.4% |
| 2020 | +21.2% | +6.6% | +20.6% |
| 2019 | -31.3% | -4.8% | -16.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Armory Foundation with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, The Armory Foundation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $55K, with expenses exceeding revenue.
- Debt-to-asset ratio: 4.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is a highly positive indicator for a nonprofit of its size, with recent revenues exceeding $8 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of The Armory Foundation's IRS 990 filings:
- Slight deficit in 202306 with expenses exceeding revenue by $54,727.
Strengths
The following positive indicators were identified for The Armory Foundation:
- Consistent reporting of 0% officer compensation across all filings.
- Strong asset base of $13,037,137, providing financial stability.
- Generally positive revenue trends and growth over the past decade.
- Excellent asset-to-liability ratio, indicating strong financial health.
Frequently Asked Questions about The Armory Foundation
Is The Armory Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, The Armory Foundation (EIN: 133680286) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does The Armory Foundation spend its money?
The Armory Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Armory Foundation tax-deductible?
The Armory Foundation is registered as a tax-exempt nonprofit (EIN: 133680286). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Armory Foundation CEO make?
The Armory Foundation's highest-compensated officer earns $8 annually. The organization reported $13.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of The Armory Foundation's spending goes to programs?
The Armory Foundation directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Armory Foundation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), The Armory Foundation is above average for NTEE category Z99Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Armory Foundation located?
The Armory Foundation is headquartered in New York, New York and files with the IRS under EIN 133680286. It is classified under NTEE code Z99Z.
How many years of IRS 990 filings does The Armory Foundation have?
The Armory Foundation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $13.2M in total revenue.
Is The Armory Foundation a good charity?
Based on the available financial data, The Armory Foundation appears to be a good charity. It consistently reports 0% officer compensation, indicating a strong focus on its mission, and generally maintains a healthy financial position with growing assets.
How has The Armory Foundation's revenue trended over the past few years?
The Armory Foundation's revenue has shown growth, increasing from $6,508,485 in 202106 to $8,712,260 in 202306, with a slight dip in 202206 at $8,230,990. The latest reported revenue is $13,162,986, indicating significant recent growth.
What is the organization's asset-to-liability ratio?
In the 202306 period, The Armory Foundation had assets of $10,550,500 and liabilities of $483,229, resulting in a strong asset-to-liability ratio of approximately 21.8:1, indicating excellent financial solvency.
Filing History
IRS 990 filing history for The Armory Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Armory Foundation's revenue has grown by 54.4%, moving from $5.6M to $8.7M. Total assets decreased by 2.4% over the same period, from $10.8M to $10.6M. Total functional expenses rose by 103.6%, from $4.3M to $8.8M. In its most recent filing year (2023), The Armory Foundation reported a deficit of $55K, with expenses exceeding revenue. The organization holds $483K in liabilities against $10.6M in assets (debt-to-asset ratio: 4.6%), resulting in net assets of $10.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $8.7M | $8.8M | $10.6M | $483K | — | View 990 |
| 2022 | $8.2M | $7.9M | $10.8M | $924K | — | View 990 |
| 2021 | $6.5M | $4.6M | $12.1M | $2.5M | — | — |
| 2020 | $7.4M | $7.2M | $9.6M | $2.0M | — | View 990 |
| 2019 | $6.1M | $6.8M | $7.9M | $547K | — | View 990 |
| 2018 | $8.9M | $7.1M | $9.5M | $1.5M | — | View 990 |
| 2017 | $6.1M | $6.8M | $7.6M | $1.4M | — | View 990 |
| 2016 | $5.6M | $6.5M | $8.7M | $1.8M | — | View 990 |
| 2015 | $5.4M | $6.5M | $8.9M | $1.1M | — | View 990 |
| 2014 | $5.3M | $5.6M | $9.9M | $937K | — | View 990 |
| 2013 | $4.7M | $5.1M | $9.9M | $621K | — | View 990 |
| 2012 | $4.4M | $5.0M | $10.2M | $537K | — | View 990 |
| 2011 | $5.6M | $4.3M | $10.8M | $494K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8.7M, expenses of $8.8M, and assets of $10.6M (revenue +5.8% year-over-year).
- 2022: Revenue of $8.2M, expenses of $7.9M, and assets of $10.8M (revenue +26.5% year-over-year).
- 2021: Revenue of $6.5M, expenses of $4.6M, and assets of $12.1M (revenue -12.6% year-over-year).
- 2020: Revenue of $7.4M, expenses of $7.2M, and assets of $9.6M (revenue +21.2% year-over-year).
- 2019: Revenue of $6.1M, expenses of $6.8M, and assets of $7.9M (revenue -31.3% year-over-year).
- 2018: Revenue of $8.9M, expenses of $7.1M, and assets of $9.5M (revenue +46.7% year-over-year).
- 2017: Revenue of $6.1M, expenses of $6.8M, and assets of $7.6M (revenue +9.5% year-over-year).
- 2016: Revenue of $5.6M, expenses of $6.5M, and assets of $8.7M (revenue +3.0% year-over-year).
- 2015: Revenue of $5.4M, expenses of $6.5M, and assets of $8.9M (revenue +2.3% year-over-year).
- 2014: Revenue of $5.3M, expenses of $5.6M, and assets of $9.9M (revenue +11.8% year-over-year).
- 2013: Revenue of $4.7M, expenses of $5.1M, and assets of $9.9M (revenue +8.5% year-over-year).
- 2012: Revenue of $4.4M, expenses of $5.0M, and assets of $10.2M (revenue -22.9% year-over-year).
- 2011: Revenue of $5.6M, expenses of $4.3M, and assets of $10.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Armory Foundation:
Data Sources and Methodology
This transparency report for The Armory Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.