Illinois Conservatory for the Arts

Analysis

Illinois Conservatory for the Arts is a registered charity in United States, based in Naperville, IL. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Illinois Conservatory for the Arts reported income of $215k and spending of $334k, spending 155% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $184k to $215k (+17%), an average of +17% a year. The sharpest change came in the year to June 2023, when income rose by 17%. Over the whole period it spent 117% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Illinois Conservatory for the Arts sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 56th percentile within IL. Charities of a similar size with the same main cause include You Decide Kentucky Inc ($215k), Friends of the Mandarin Scholars in the SMFCSD ($215k) and Childrens House Preschool Inc ($215k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 65% and program service revenue 49% of the total. At year end it held assets of $55k against liabilities of $38k, net assets of $16k.