Young Artists Conservatory of Music

Analysis

Young Artists Conservatory of Music is a registered charity in United States, based in Vacaville, CA. It received its IRS tax-exemption ruling in November 2007, 19 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 December 2023, Young Artists Conservatory of Music reported income of $460k and spending of $439k, spending 96% of its income. Across the 4 years on record, from December 2019 to December 2023, income fell from $508k to $460k (-9.5%), an average of -3.3% a year. The sharpest change came in the year to December 2022, when income rose by 51%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Young Artists Conservatory of Music sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include Student Statesmanship Institute ($460k), National Association of Buffalo Soldiers and Troopers Motorcycle C ($460k) and Sva Alumni Society Inc ($460k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $28k (6.4% of expenses). Other salaries and wages came to $87k. At year end it held assets of $333k against liabilities of $177k, net assets of $156k. It reported 3 employees.