Art House Astoria Conservatory for Music and Art Incorporated

Analysis

Art House Astoria Conservatory for Music and Art Incorporated is a registered charity in United States, based in Astoria, NY. It received its IRS tax-exemption ruling in September 2010, 16 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 June 2023, Art House Astoria Conservatory for Music and Art Incorporated reported income of $413k and spending of $385k, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $310k to $413k (+33%), an average of +7.5% a year. The sharpest change came in the year to June 2023, when income rose by 43%. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Art House Astoria Conservatory for Music and Art Incorporated 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 67th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include Springtime Tallahassee Festival Inc ($413k), Downtown Springfield Community Cinema Inc ($413k) and Rinas Bais Yaakov Inc ($413k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 29% and program service revenue 71% of the total. Other salaries and wages came to $234k. At year end it held assets of $86k against liabilities of $186k, net assets of -$100k. It reported 50 employees.