Armory Arts and Music Center is a 501(c)(3) organization based in Duluth, Minnesota, registered in 2002, with $530,006 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$530K
▼ 79.5% vs prior year
Arts & Culture median: $159K
Expenses (FY2024)
$411K
Net assets
$4.6M
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Armory Arts and Music Center— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Armory Arts and Music Center: 133 mo reserves · +22% margin earns a B+ on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Armory Arts and Music Center— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Armory Arts and Music Center: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $57K (FY2013) to $530K (FY2024) across 8 reported years.
Financial snapshot
Operating margin
22.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$4.7M
Total liabilities
$165K
Net assets
$4.6M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $530,006▼79.5% | $411,305▼11.3% | $4,565,881▲2.7% | $4,731,208▲2.5% | 990 |
| 2023 | $2,579,366▲370% | $463,711▲205% | $4,447,180▲4.8% | $4,614,194▲8.6% | 990 |
| 2022 | $548,238▲176% | $151,824▲5.8% | $4,242,435▲10.4% | $4,250,585▲10.4% | 990 |
| 2021 | $198,495▲123% | $143,477▲19.1% | $3,842,940▲1.5% | $3,849,559▲1.4% | 990 |
| 2020 | $88,931▼65.9% | $120,459▼13.2% | $3,787,922▲89.2% | $3,797,436▲83.2% | 990 |
| 2015 | $260,813▼38.8% | $138,712▲0.7% | $2,002,068▲6.5% | $2,072,911▲9.5% | 990 |
| 2014 | $426,177▲653% | $137,681▼1.9% | $1,879,967▲24.3% | $1,893,180▲23.7% | 990 |
| 2013 | $56,585 | $140,321▲8.5% | $1,512,470▼5.2% | $1,530,862▼4.2% | 990 |
| 2012 | — | $129,283▲13.3% | $1,596,205▲387% | $1,597,254▲386% | 990 |
| 2011 | — | $114,072 | $327,565 | $328,701 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
8 grants to Armory Arts and Music Center totaling $1.5M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Local Initiatives Support Corporation | See part iv | 2023 | $750,000 |
| Minnesota Historical Society | Legacy grant for duluth armory - partial reroofing | 2022 | $225,000 |
| Minnesota Historical Society | Legacy grant for duluth armory - architectural plans and specifications for reroofing | 2020 | $18,000 |
| Minnesota Historical Society | Legacy grant for duluth armory: drill hall floor repair. | 2019 | $50,000 |
| Minnesota Historical Society | Legacy grant for duluth armory: drill hall floor repair. | 2018 | $125,000 |
| Minnesota Historical Society | Legacy grant for duluth armory: drill hall floor replacement. | 2016 | $75,000 |
| Minnesota Historical Society | Legacy grants for preservation, restoration and stabilization of the duluth armory and to develop and interpretive plan for the armory. | 2015 | $90,000 |
| Minnesota Historical Society | Flood relief and legacy grants for preservation, restoration and stabilization of the duluth armory. | 2014 | $186,305 |
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Data for Armory Arts and Music Center (EIN 68-0497248) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.