Kadima Conservatory of Music Inc

Analysis

Kadima Conservatory of Music Inc is a registered charity in United States, based in Sherman Oaks, CA. It received its IRS tax-exemption ruling in March 2004, 22 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2024, Kadima Conservatory of Music Inc reported income of $177k and spending of $185k, spending 105% of its income. Across the 5 years on record, from July 2020 to July 2024, income grew from $105k to $177k (+69%), an average of +14% a year. The sharpest change came in the year to July 2023, when income rose by 32%. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kadima Conservatory of Music Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 53rd percentile within CA. Charities of a similar size with the same main cause include Cedar Creek Battlefield Foundation Inc ($177k), Clarkston Conservatory of Music Inc ($177k) and St Louis Chinese Language School ($177k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 81% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $20k (11% of expenses). Other salaries and wages came to $156k. At year end it held assets of $4,583 against liabilities of $59k, net assets of -$55k.