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CHARITY REVIEW
Issued: January 2026 Expires: January 2028

The Armory Foundation

Accredited Charity
Accredited Charity

Meets Standards
(212) 923-1803
216 Fort Washington Avenue
New York, NY, 10032
https://www.armory.nyc/
📄 Full Report 🖨️ Print 📋 BBB Charity Standards

Standards For Charity Accountability

Governance

  1. Board Oversight
  2. Board Size
  3. Board Meetings
  4. Board Compensation
  5. Conflict of Interest

Measuring Effectiveness

  1. Effectiveness Policy
  2. Effectiveness Report

Finances

  1. Program Expenses
  2. Fundraising Expenses
  3. Accumulating Funds
  4. Audit Report
  5. Detailed Expense Breakdown
  6. Accurate Expense Reporting
  7. Budget Plan

Fundraising & Info

  1. Truthful Materials
  2. Annual Report
  3. Website Disclosures
  4. Donor Privacy
  5. Cause Marketing Disclosures
  6. Complaints

The Armory Foundation meets the 20 Standards for Charity Accountability.

Stated Purpose:
The Armory Foundation oversees an indoor track and field center and is committed to serving youth by promoting fitness, a love of sport and the pursuit of individual excellence. 

Year, State Incorporated:
1992, NY

The Armory Foundation works primarily with the youth of the greater New York area by hosting over 100 track meets each year, maintaining the US National Track and Field Hall of Fame, operating an after school activities center, providing college prep and academic counseling services and offering a variety of community support services.  

For the year ended June 30, 2024, The Armory Foundation's program expenses were:

Track Meets $6,372,342
Armory College Prep High School $919,997
Venue rental $773,342
High School Training $353,695
Amory College Prep Middle School $342,741
Youth Training $267,542
Retail $251,494
Seniors AIM High $237,186
Adult and Colleges $218,003
Community Relations $216,669
SUNY Attain Lab/Community Partners $117,520
Hall of Fame $91,547
Total Program Expenses $10,162,078

Chair of the Board
Mary Beth Hogan

Board Size
20

Method(s) Used:
Direct mail appeals, Television, Internet

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.

The following information is based on The Armory Foundation's audited financial statements for the year ended June 30, 2024.

Source of Funds
Sponsorships $2,657,691
Program revenues $1,866,843
Venue rentals $1,374,433
Government grants $1,239,535
Admissions $1,018,252
Contributions $831,508
Miscellaneous income $827,020
Contributed services $397,229
Special event benefit, net $266,307
Investment return $248,116
Community partner rentals $174,032
Total Income $10,900,966

Programs: 96% Fundraising: 1% Administrative: 3%

Total Income $10,900,966
Total expenses: $10,590,677
  Program expenses $10,162,078
  Fundraising expenses $124,001
  Administrative expenses $304,598
  Other expenses $0
Income in Excess of Expenses $310,289
Beginning Net Assets $8,991,929
Other Changes In Net Assets $-808,373
Ending Net Assets $8,493,845
Total Liabilities $559,757
Total Assets $9,551,686

An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.

This report is not to be used for fundraising or promotional purposes.

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Report completed by:
BBB Foundation of Metropolitan New York