San Francisco Conservatory of Music Inc

Analysis

San Francisco Conservatory of Music Inc is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in April 1935, 91 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, San Francisco Conservatory of Music Inc reported income of $127.9m and spending of $59.0m, leaving 54% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $50.1m to $127.9m (+155%), an average of +26% a year. The sharpest change came in the year to June 2023, when income rose by 116%. Over the whole period it spent 66% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, San Francisco Conservatory of Music Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within CA. Charities of a similar size with the same main cause include Augustana University Association ($127.9m), Ethical Culture Fieldston School ($127.9m) and LA Salle University ($127.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 74% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $1.5m (2.6% of expenses). Other salaries and wages came to $20.2m. It paid $389k in professional fundraising fees. At year end it held assets of $383.7m against liabilities of $90.2m, net assets of $293.5m. It reported 735 employees.