Wausau Conservatory of Music Inc

Analysis

Wausau Conservatory of Music Inc is a registered charity in United States, based in Wausau, WI. It received its IRS tax-exemption ruling in November 1981, 45 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 June 2023, Wausau Conservatory of Music Inc reported income of $737k and spending of $747k, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $716k to $737k (+2.9%), an average of +0.7% a year. The sharpest change came in the year to June 2021, when income rose by 46%. Over the whole period it spent 76% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Wausau Conservatory of Music Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within WI. Charities of a similar size with the same main cause include Western Piedmont Symphony-The Unifour Orchestra Inc ($737k), Crossroads of the American Revolution Association Inc ($737k) and The Civilians Inc ($737k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 36% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $51k (6.8% of expenses). Other salaries and wages came to $318k. At year end it held assets of $2.9m against liabilities of $51k, net assets of $2.8m. It reported 22 employees.