New Conservatory

Analysis

New Conservatory is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in December 1981, 45 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 school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, New Conservatory reported income of $1.8m and spending of $1.9m, spending 106% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.8m to $1.8m (+0.9%), an average of +0.2% a year. The sharpest change came in the year to August 2021, when income dropped by 28%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, New Conservatory sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Maine Space Grant Consortium ($1.8m), Lowell Festival Foundation ($1.8m) and Living Arts International Inc ($1.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 70% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $101k (5.2% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $3.1m against liabilities of $1.3m, net assets of $1.9m. It reported 132 employees.