The Austin Chronicle is an independent, locally owned and operated alternative newsweekly that reflects the heart and soul of Austin, Texas.
The Armstrong Foundation began in 1997 with one part-time employee and one $30,000 grant.
(Year / Employees / Grants / Revenue)
1997 / 1 / 1 / na
1998 / 4 / 4 / $554,000
1999 / 4 / 5 / $1.5 million
2000 / 4 / 7 / $4.8 million
2001 / 9 / 25 / $9.8 million
2002 / 17 / 32 / $7.4 million
2003 / 28 / 81 / $11 million
2004 / 47 / 92* / $22 million*
* anticipated; there are 72 grants thus far; 20 more anticipated by the end of the year
This article appears in October 15 • 2004.
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