Music Conservatory of Sandpoint Inc

Analysis

Music Conservatory of Sandpoint Inc is a registered charity in United States, based in Sandpoint, ID. 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 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 July 2023, Music Conservatory of Sandpoint Inc reported income of $868k and spending of $665k, leaving 23% of income unspent that year. Across the 5 years on record, from July 2019 to July 2023, income grew from $521k to $868k (+66%), an average of +14% a year. The sharpest change came in the year to July 2021, when income rose by 32%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Music Conservatory of Sandpoint Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 81st percentile within ID. Charities of a similar size with the same main cause include New Yorkers Against Gun Voilence Education Fund Inc ($868k), Soho Playhouse Inc ($868k) and Unicorn Theatre ($867k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 65% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $52k (7.8% of expenses). Other salaries and wages came to $210k. At year end it held assets of $1.3m against liabilities of $668k, net assets of $585k. It reported 10 employees.