Long Island Conservatory of Music Inc

Analysis

Long Island Conservatory of Music Inc is a registered charity in United States, based in Albertson, NY. It received its IRS tax-exemption ruling in December 2009, 17 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 December 2023, Long Island Conservatory of Music Inc reported income of $198k and spending of $191k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $169k to $198k (+17%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 17%. 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, Long Island Conservatory of Music Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within NY. Charities of a similar size with the same main cause include Fort Totten Little Theatre Company ($198k), Stone Soup Theater ($198k) and Maine Natural History Observatory ($198k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.9% of the total. At year end it held assets of $147k against liabilities of $294k, net assets of -$147k.