Amazing Grace Conservatory Inc

Analysis

Amazing Grace Conservatory Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in September 2006, 20 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Amazing Grace Conservatory Inc reported income of $814k and spending of $625k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $485k to $814k (+68%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 35%. Over the whole period it spent 75% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Amazing Grace Conservatory 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 77th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Hickory Museum of Art Inc ($814k), Brotherhood of Elders Network ($814k) and Network for Open Scientificinnovation ($813k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. Other salaries and wages came to $84k. At year end it held assets of $812k against liabilities of $0, net assets of $812k. It reported 19 employees.