The Conservatory of Music of Kansas City

Analysis

The Conservatory of Music of Kansas City is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in June 1954, 72 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2022, The Conservatory of Music of Kansas City reported income of $68k and spending of $65k, spending 96% of its income. Across the 4 years on record, from June 2019 to June 2022, income grew from $57k to $68k (+20%), an average of +6.2% a year. The sharpest change came in the year to June 2021, when income rose by 44%. 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, The Conservatory of Music of Kansas City sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 24th percentile within MO. Charities of a similar size with the same main cause include Butler County Tourism Foundation Inc ($68k), Superior Historic Re-Development Inc ($68k) and Salem Arts Association Inc ($68k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 42% and program service revenue 57% of the total. At year end it held assets of $745k against liabilities of $0, net assets of $745k.