Aspire Conservatory of Fine & Performing Arts Inc

Analysis

Aspire Conservatory of Fine & Performing Arts Inc is a registered charity in United States, based in Ashland, KY. It received its IRS tax-exemption ruling in February 2020, 6 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 December 2023, Aspire Conservatory of Fine & Performing Arts Inc reported income of $295k and spending of $255k, spending 87% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $248k to $295k (+19%), an average of +9.0% a year. The sharpest change came in the year to December 2022, when income rose by 31%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Aspire Conservatory of Fine & Performing Arts Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 62nd percentile within KY. Charities of a similar size with the same main cause include Blue Sage Center ($295k), Textile Museum of D C ($295k) and St Martins Chamber Choir ($295k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.4% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $48k (19% of expenses). Other salaries and wages came to $141k. At year end it held assets of $160k against liabilities of $1,710, net assets of $158k. It reported 33 employees.