New York Conservatory of Music Inc

Analysis

New York Conservatory of Music Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New York Conservatory of Music Inc reported income of $432k and spending of $427k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $357k to $432k (+21%), an average of +4.9% a year. The sharpest change came in the year to December 2022, when income rose by 41%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New York Conservatory of Music Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include PTA of Aea Inc ($431k), Friends of Pride Academy Charter School Inc ($432k) and Lifeprep Projects Inc ($431k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.0% and program service revenue 94% of the total. Other salaries and wages came to $199k. At year end it held assets of $28k against liabilities of $0, net assets of $28k.