Clarkston Conservatory of Music Inc

Analysis

Clarkston Conservatory of Music Inc is a registered charity in United States, based in Clarkston, MI. It received its IRS tax-exemption ruling in June 1999, 27 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 December 2023, Clarkston Conservatory of Music Inc reported income of $177k and spending of $177k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $220k to $177k (-19%), an average of -5.2% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Clarkston Conservatory of Music Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 50th percentile within MI. Charities of a similar size with the same main cause include Kadima Conservatory of Music Inc ($177k), Piscataway Indian Nation Inc ($177k) and Cedar Creek Battlefield Foundation Inc ($177k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $42k (24% of expenses). Other salaries and wages came to $99k. At year end it held assets of $24k against liabilities of $0, net assets of $24k.