Royal Conservatory of Music Foundation

Analysis

Royal Conservatory of Music Foundation is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in February 1996, 30 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Royal Conservatory of Music Foundation reported income of $164k and spending of $261k, spending 159% of what it took in. Across the 3 years on record, from August 2021 to August 2023, income fell from $328k to $164k (-50%), an average of -29% a year. The sharpest change came in the year to August 2023, when income rose by 723%. Over the whole period it spent 116% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Royal Conservatory of Music Foundation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within NY. Charities of a similar size with the same main cause include Fanm Saj ($164k), Big Stone Advancing Arts ($164k) and Arena Dances Inc ($164k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $20k against liabilities of $0, net assets of $20k.