Bronx Conservatory of Music

Analysis

Bronx Conservatory of Music is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2018, 8 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 publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Bronx Conservatory of Music reported income of $346k and spending of $373k, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $356k to $346k (-2.7%), an average of -0.7% a year. The sharpest change came in the year to June 2022, when income rose by 136%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bronx Conservatory of Music sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Festival Ballet Albuquerque ($346k), Friends of Old Town Theatre ($346k) and Charlotte Center for Literary Arts Inc ($346k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 45% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $22k (5.8% of expenses). Other salaries and wages came to $173k. At year end it held assets of $872k against liabilities of $822, net assets of $872k. It reported 25 employees.