Wisconsin Conservatory of Music Inc

Analysis

Wisconsin Conservatory of Music Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in September 1953, 73 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 August 2023, Wisconsin Conservatory of Music Inc reported income of $3.5m and spending of $4.0m, spending 113% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $4.6m to $3.5m (-24%), an average of -6.5% a year. The sharpest change came in the year to August 2021, when income rose by 29%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Wisconsin Conservatory of Music Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within WI. Charities of a similar size with the same main cause include Nebraska State Historical Society Foundation ($3.5m), Somarts ($3.5m) and Burlington City Arts Foundation Inc ($3.5m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 15% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $240k (6.0% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $11.2m against liabilities of $450k, net assets of $10.7m. It reported 126 employees.