Market Street Music Conservatory

Analysis

Market Street Music Conservatory is a registered charity in United States, based in Marion, IL. It received its IRS tax-exemption ruling in September 2021, 5 years ago. 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, Market Street Music Conservatory reported income of $213k and spending of $195k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $162k to $213k (+32%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Market Street Music Conservatory sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within IL. Charities of a similar size with the same main cause include Bismarck Fire Protection Assn Inc ($213k), Armed Forces Service Center ($213k) and Leadingage Kansas Foundation ($213k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 65% of the total. Other salaries and wages came to $149k. At year end it held assets of $31k against liabilities of $1,791, net assets of $29k. It reported 10 employees.