Charter Conservatory for Liberal Arts & Technology Inc

Analysis

Charter Conservatory for Liberal Arts & Technology Inc is a registered charity in United States, based in Statesboro, GA. It received its IRS tax-exemption ruling in January 2001, 25 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Charter Conservatory for Liberal Arts & Technology Inc reported income of $2.7m and spending of $2.5m, spending 93% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.9m to $2.7m (+41%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 25%. Over the whole period it spent 94% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Charter Conservatory for Liberal Arts & Technology Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within GA. Charities of a similar size with the same main cause include The Mountain Retreat & Learning Center Inc ($2.7m), Invest in Others Charitablefoundation Inc ($2.7m) and Community Foundation Partnership Inc ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $123k (4.9% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $1.1m against liabilities of $486k, net assets of $586k. It reported 45 employees.