Far Conservatory of Therapeutic and Performing Arts

Analysis

Far Conservatory of Therapeutic and Performing Arts is a registered charity in United States, based in Birmingham, MI. It received its IRS tax-exemption ruling in April 1957, 69 years ago. 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 June 2023, Far Conservatory of Therapeutic and Performing Arts reported income of $1.7m and spending of $1.3m, leaving 24% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.1m to $1.7m (+61%), an average of +17% a year. The sharpest change came in the year to June 2021, when income rose by 19%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Far Conservatory of Therapeutic and Performing Arts sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within MI. Charities of a similar size with the same main cause include Tejara ($1.7m), Binghampton Christian Academy ($1.7m) and Cleve J Fredricksen Library Association ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 39% and program service revenue 63% of the total. Other salaries and wages came to $850k. At year end it held assets of $1.7m against liabilities of $132k, net assets of $1.6m. It reported 32 employees.