Concordia Conservatory Inc

Analysis

Concordia Conservatory Inc is a registered charity in United States, based in Bronxville, NY. It received its IRS tax-exemption ruling in January 2022, 4 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 December 2023, Concordia Conservatory Inc reported income of $2.3m and spending of $2.3m, spending 102% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $1.2m to $2.3m (+86%), an average of +36% a year. The sharpest change came in the year to December 2022, when income rose by 60%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Concordia Conservatory Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Cat Cay Restoration and Preservation Foundation Inc ($2.3m), Southern Oregon Public Television Inc ($2.3m) and Seattle Chamber Music Festival ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $295k (13% of expenses). Other salaries and wages came to $892k. At year end it held assets of $4.2m against liabilities of $769k, net assets of $3.5m. It reported 74 employees.