New American Conservatory Inc

Analysis

New American Conservatory Inc is a registered charity in United States, based in Fort Wayne, IN. It received its IRS tax-exemption ruling in October 2006, 20 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 June 2024, New American Conservatory Inc reported income of $817k and spending of $690k, spending 84% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $612k to $817k (+33%), an average of +7.5% a year. The sharpest change came in the year to June 2024, when income rose by 31%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New American Conservatory Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within IN. Charities of a similar size with the same main cause include University of New Mexico Alumni Association ($817k), Faith Christian Educators ($817k) and Bevill State Community College Foundation Inc ($816k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 6.7% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $32k (4.6% of expenses). Other salaries and wages came to $319k. At year end it held assets of $231k against liabilities of $7,008, net assets of $224k. It reported 19 employees.