Rockland Conservatory of Music

Analysis

Rockland Conservatory of Music is a registered charity in United States, based in Pearl River, NY. It received its IRS tax-exemption ruling in October 1967, 59 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2023, Rockland Conservatory of Music reported income of $911k and spending of $851k, spending 93% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $749k to $911k (+22%), an average of +6.8% a year. The sharpest change came in the year to June 2023, when income rose by 37%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Rockland Conservatory of Music sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Lexington Childrens Museum Inc ($911k), Youth FX Inc ($911k) and Saint Paul Festival and Heritage Foundation ($911k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 40% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $96k (11% of expenses). Other salaries and wages came to $334k. At year end it held assets of $1.1m against liabilities of $918k, net assets of $138k. It reported 51 employees.