New York · Nonprofit
THE ARMORY FOUNDATION
THE ARMORY FOUNDATION (New York) receives grants from 54 organizations whose IRS filings report $8,970,263 to it, the largest being NEW YORK ROAD RUNNERS INC ($4,367,767). 35 of them have funded it in more than one year.
- Revenue FY2025
- $8.3M
- Funders on record
- 54
- Grants received
- $9.0M
- Net assets
- $-7191870
What The Armory Foundation does
Mission
The Armory Foundation, a nyc not-for-profit and home to the premier indoor track and field center in america, is committed to fostering lifelong health and learning by serving youth, high school students, college students, adults and local seniors through track & field, educational and wellness programs. The Armory Foundation's primary emphasis is reaching and motivating the youth of all five boroughs of new york city by offering them competitive track and field activities and broadening their horizons with educational classes, college preparation programs and a variety of cultural and school-coordinated educational activities. The Armory Foundation hosts over 105 track events each year, maintains the national track and field hall of fame, operates the largest afterschool activity center in new york and offers a variety of community support programs in its world class facility.
As stated on its FY2025 Form 990.
Programs
Track 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 programming continues throughout the year. The objective is to fulfill the mission of the armory of keeping everyone on track.
$4,687,044 spent$3,244,660 earned by the program51% of program spendingHigh 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 washington heights, inwood and harlem train at the armory mondays and wednesdays from october to may in the city track, and little feet programs. Full coaching staff is provided to the children to teach the basics of track and field and ensure the children have plenty of fun at the same time. The armory has structured exercise and health-related programming twice per week, year-round, for community seniors.
$1,306,412 spent14% of program spendingArmory 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.
$1,059,963 spent$82,000 earned by the program11% of program spendingArmory college prep middle school, also known as great minds: this program works with students in grades 4-8 from washington heights, inwood and harlem. The focus of the program is to engage the students in math, reading, steam and financial literacy while we encourage good study habits and provide guidance on high school choice for children and their families. The program also includes participation in the stock market game, where groups of our students learn about the economy, investing and world events via investing $100,000 of fictitious money in the stock market. The armory has experienced steady enrollment of approximately 60 students in the great minds program.
$609,904 spent$25,000 earned by the program7% of program spendingCommunity partners
$354,085 spent$166,198 earned by the program4% of program spendingYouth training
$343,752 spent4% of program spendingAdults & colleges training
$313,889 spent3% of program spendingCommunity relations
$267,148 spent3% of program spendingMuseum hall of fame
$166,091 spent2% of program spendingAim high seniors training
$154,909 spent$100,000 earned by the program2% of program spending
The 10 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $9,263,197.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $9.6M to $13M (+36%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 2% · 2018 25% · 2019 2% · 2020 23% · 2021 36% · 2022 25% · 2023 2% · 2024 10% · 2025 4%. Grants only. Government contracts and fees sit inside program revenue.
53% of THE ARMORY FOUNDATION’s revenue is contributions — about as donation-reliant as the typical peer (72% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Board chair
Michael Frankfurt
Chairman (through 12/2025)
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 9 funders to 23 funders, grant income rose $649k → $1.4M.
18 of 54 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 28% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
Left out of every figure on this page: $74k from one payer (the payer shares this organization's board, largest Friends of the Armory Foundation Corporation). These are real filings, and they are not money THE ARMORY FOUNDATION raised.
From the IRS filings of THE ARMORY FOUNDATION’s funders (the co-funder graph). Top 30 of 54 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
THE ARMORY FOUNDATION leans on a few funders — its largest provides 49% of grant income and the top three 65%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
82% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund THE ARMORY FOUNDATION.
Largest funder’s share by year: 2017 69% · 2018 63% · 2019 53% · 2020 51% · 2021 39% · 2022 48% · 2023 38% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
41% of THE ARMORY FOUNDATION's funders are still giving 3 years after their first grant; 65% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
90% of THE ARMORY FOUNDATION's grant income comes from New York funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $2.5M arriving through sponsors registered in 13 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
THE ARMORY FOUNDATION's funding base is broadening — from 9 funders to 23 as grant income climbed.
this organization peer median middle 50% of peers· 369 unclassified nonprofits $1M–$10M, FY2025
Government funding THE ARMORY FOUNDATION receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $4k on record.
- ASSOC DUES AND CONF FEES$3k
- ATHLETIC SERVICES$1k
- STUDENT BODY ACTIVITY$384
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like THE ARMORY FOUNDATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In New York
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
91% of spending goes to programs.
Governance
Public support
64%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 1 related entity
- Friends of the Armory Foundation Corporation · exempt
Screen this organization
A dated, signed PDF of the compliance screen for THE ARMORY FOUNDATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds THE ARMORY FOUNDATION?
- THE ARMORY FOUNDATION (New York) receives grants from 54 organizations whose IRS filings report $8,970,263 to it, the largest being NEW YORK ROAD RUNNERS INC ($4,367,767). 35 of them have funded it in more than one year.
- How many funders does THE ARMORY FOUNDATION have?
- IRS filings report 54 organizations giving $8,970,263 in grants to THE ARMORY FOUNDATION, 35 of which have funded it in more than one year.
- Who is the largest funder of THE ARMORY FOUNDATION?
- NEW YORK ROAD RUNNERS INC is the largest funder on record, with $4,367,767 in grants. The full list of funders is on this page.
- How can an organization like THE ARMORY FOUNDATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in New York. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Armory →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 54 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing