Conservatory of Central Illinois

Analysis

Conservatory of Central Illinois is a registered charity in United States, based in Champaign, IL. It received its IRS tax-exemption ruling in October 1987, 39 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 July 2023, Conservatory of Central Illinois reported income of $146k and spending of $146k, spending 100% of its income. Across the 5 years on record, from July 2019 to July 2023, income fell from $196k to $146k (-25%), an average of -7.1% a year. The sharpest change came in the year to July 2022, when income rose by 35%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Conservatory of Central Illinois sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 47th percentile within IL. Charities of a similar size with the same main cause include Maple Grove Arts Center ($146k), The Federation of Korean Associations USA ($146k) and Bangladeshi American Police Association ($146k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 47% and program service revenue 47% of the total. Other salaries and wages came to $21k. At year end it held assets of $6,174 against liabilities of $194k, net assets of -$188k. It reported 16 employees.