Charity Search / THE ARMORY ARTS & EVENTS CENTER
Public & Societal Benefit (W03) 990 on File

THE ARMORY ARTS & EVENTS CENTER

EIN: 45-2181580 · PARK RAPIDS, MN 56470-1531 · United States · FY 2025 Data
2 out of 5 35 / 100 Based on 2+ years of filings
Financial strength (30%) 56/100
Reliability (20%) 50/100
Effectiveness (25%) 31/100
Impact (25%) No data yet
Financial data: FY 2025 · Scored 9/13/2026
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Financial Overview — FY 2025
$167K
Total Revenue
$127K
Total Expenses
$68K
Net Assets
N/A
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 47.8%
Fundraising Efficiency N/A
Operating Reserve 6.41x
Liability-to-Asset 62.6%
Revenue Diversification 52.4%
Compared with Peers
FY 2025
Compared with 731 similar organizations (United States, Public & Societal Benefit, $100K–$1M in expenses), FY 2025.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
47.8% 87.1%
P10P90
Bottom quarter
Operating reserve
Months of expenses covered by net assets · higher is better
6.4 mo 9.2 mo
P10P90
Below median
Liabilities to assets
Total liabilities / total assets · lower is better
62.6% 0.4%
P10P90
Bottom quarter
Revenue concentration
Share of revenue from the largest source · lower is better
52.4% 96.5%
P10P90
Top quarter
Revenue growth
Year over year revenue growth
54.7% 7.6%
P10P90
Expense growth
Year over year expense growth
46.9% 10.9%
P10P90
Surplus margin
Surplus as a share of revenue
24.3% 2.9%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2025 $167K $127K $68K 47.8%
2024 $108K $86K $22K 20.2%
2023 $110K $89K $22K 44.7%
2022 $146K $120K $26K 100.0%
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Organization Details
EIN
45-2181580
State
MN
City
PARK RAPIDS
ZIP
56470-1531
Classification
W03
Category
Public & Societal Benefit
Rating
2★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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