Seventh Regiment Armory Conservancy Inc
643 Park Avenue 3rd Floor, New York, NY · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $28,748,363 | $33,427,478 | $264,032,707 |
| FY2023 | $23,012,613 | $35,131,903 | $267,053,112 |
| FY2022 | $25,775,418 | $39,873,994 | $273,092,874 |
| FY2021 | $25,857,761 | $27,743,098 | $299,939,601 |
| FY2020 | $23,303,674 | $22,992,650 | $209,317,389 |
| FY2019 | $28,417,807 | $31,493,035 | $203,527,268 |
| FY2018 | $32,626,047 | $28,393,426 | $198,760,632 |
| FY2017 | $21,924,885 | $25,931,022 | $204,227,214 |
| FY2016 | $16,866,132 | $22,060,186 | $201,287,773 |
| FY2015 | $78,646,857 | $18,940,782 | $203,590,134 |
| FY2014 | $36,908,515 | $20,013,276 | $143,884,059 |
| FY2013 | $19,834,604 | $18,669,589 | $126,988,820 |
| FY2012 | $10,964,020 | $9,596,671 | $125,649,805 |
| FY2011 | $39,105,773 | $8,904,660 | $124,282,456 |
Form 990 filings
The returns filed by Seventh Regiment Armory Conservancy Inc (EIN 13-4086800), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $10,262,650 | 36% |
| Program service revenue | $12,588,881 | 44% |
| Other revenue | $5,896,832 | 21% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $28,259,638 | 85% |
| Management & general | $2,766,061 | 8% |
| Fundraising | $2,401,779 | 7% |
What the numbers show
- Program service revenue made up 44% of total revenue in FY2024.
- Program services accounted for 85% of functional expenses, management & general 8%, and fundraising 7%.
- 85% of functional expenses went to program services in FY2024. That is higher than 74.2% of 132 Arts, Culture & Humanities organizations in NY.
- Net assets covered about 94.8 months of expenses at the end of the reporting year. That puts it in the 87th percentile among 3987 Arts, Culture & Humanities organizations in NY.
- Total revenue was higher than 99% of 4097 Arts, Culture & Humanities organizations in NY.
- Total revenue fell from $39,105,773 in FY2011 to $28,748,363 in FY2024. Revenue increased in 7 and decreased in 6 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 7 of 14 reported years (FY2016, FY2017, FY2019, FY2021, FY2022, FY2023, FY2024).
- The highest revenue on record here is $78,646,857 in FY2015.
- Net assets grew from $124,282,456 to $264,032,707 between FY2011 and FY2024.
- Contributions and grants made up 86% of revenue in FY2011 and 36% in FY2024.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
TO RESTORE, RENOVATE AND REVITALIZE THE HISTORIC PARK AVENUE ARMORY A CONTEMPORARY ARTS INSTITUTION.
IRS status
| Ruling year | 2000 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | A80 — Arts, Culture & Humanities (in NY) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
Similar organizations
- Universal Communications Network Inc — New York, NY · $26,633,209
- Buffalo Fine Arts Academy — Buffalo, NY · $26,569,161
- New Museum of Contemporary Art — New York, NY · $25,693,478
- Shed NYC Inc — New York, NY · $32,765,136
- Jewish Museum — New York, NY · $33,802,678
- Statue of Liberty Ellis Island Foundation Inc — New York, NY · $36,399,117
- Robert Rauschenberg Foundation — New York, NY · $36,534,009
- American Council of Learned Societies — New York, NY · $38,862,022
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
Think something here is wrong or should be removed? Use the contact form — we act on removal requests within 30 days.