Concord Conservatory Of Music
Concord Conservatory Of Music consistently operates with a surplus and reports no officer compensation.
EIN: 202724666 · Concord, MA · NTEE: A68 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $1.1M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $753K |
| Transparency Score | 95/100 |
Is Concord Conservatory Of Music Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Concord Conservatory Of Music directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Concord Conservatory Of Music
Concord Conservatory Of Music (EIN: 202724666) is a nonprofit organization based in Concord, MA, classified under NTEE code A68. The organization reported total revenue of $1.2M and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Concord Conservatory Of Music's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Concord Conservatory Of Music is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 6.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.1M |
| Surplus / Deficit | +$68K |
| Total Assets | $1.1M |
| Total Liabilities | $368K |
| Net Assets | $753K |
| Operating Margin | 5.9% |
| Debt-to-Asset Ratio | 32.8% |
| Months of Reserves | 12.3 months |
Financial Health Grade: A
In 2023, Concord Conservatory Of Music reported a surplus of $68K with revenue exceeding expenses, holds 12.3 months of operating reserves (strong position), has a debt-to-asset ratio of 32.8% (moderate leverage).
Financial Trends
Over 13 years of filings (2012–2023), Concord Conservatory Of Music's revenue has grown at a compound annual growth rate (CAGR) of 6.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +28.8% | +14.2% | +18.0% |
| 2022 | -18.5% | +16.7% | -18.0% |
| 2021 | +9.4% | -16.4% | +35.8% |
| 2020 | +12.9% | +10.1% | +29.0% |
| 2019 | +11.0% | +6.4% | +2.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Concord Conservatory Of Music with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Concord Conservatory Of Music allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $68K, with revenue exceeding expenses.
- Debt-to-asset ratio: 32.8%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is highly unusual for an organization of its size with over $1 million in annual revenue and suggests a strong dedication to directing funds towards its mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Concord Conservatory Of Music:
- Consistent financial surpluses (e.g., $1,165,558 revenue vs. $1,097,177 expenses in 202308).
- Significant asset growth over time (from $198,656 in 201408 to $1,228,229 currently).
- 0% officer compensation reported across all filings, indicating high efficiency and mission focus.
- Strong financial stability with assets consistently exceeding liabilities (e.g., $1,120,709 assets vs. $367,996 liabilities in 202308).
Frequently Asked Questions about Concord Conservatory Of Music
Is Concord Conservatory Of Music a legitimate charity?
Based on AI analysis of IRS 990 filings, Concord Conservatory Of Music (EIN: 202724666) appears legitimate. Mission Score: 95/100. 0 red flags identified, 4 strengths noted.
How does Concord Conservatory Of Music spend its money?
Concord Conservatory Of Music directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Concord Conservatory Of Music tax-deductible?
Concord Conservatory Of Music is registered as a tax-exempt nonprofit (EIN: 202724666). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Concord Conservatory Of Music CEO make?
Concord Conservatory Of Music's highest-compensated officer earns $1 annually. The organization reported $1.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Concord Conservatory Of Music's spending goes to programs?
Concord Conservatory Of Music directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Concord Conservatory Of Music compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Concord Conservatory Of Music is above average for NTEE category A68 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Concord Conservatory Of Music located?
Concord Conservatory Of Music is headquartered in Concord, Massachusetts and files with the IRS under EIN 202724666. It is classified under NTEE code A68.
How many years of IRS 990 filings does Concord Conservatory Of Music have?
Concord Conservatory Of Music has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.2M in total revenue.
Is Concord Conservatory Of Music a good charity?
Based on the provided financial data, Concord Conservatory Of Music appears to be a very good charity. It consistently operates with a surplus, has growing assets, and notably reports 0% officer compensation, indicating a strong commitment to its mission.
How has the organization's financial health changed over time?
The organization's financial health has generally improved over time. Assets have grown significantly from $198,656 in 201408 to $1,228,229 currently, and revenues have consistently exceeded expenses in most periods, demonstrating sustainable growth.
What is the trend in revenue and expenses?
Revenue has shown a general upward trend, with some fluctuations, reaching $1,193,221 in the latest period. Expenses have also increased but generally remain below revenue, allowing for consistent surpluses and asset growth.
Filing History
IRS 990 filing history for Concord Conservatory Of Music showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2023), Concord Conservatory Of Music's revenue has grown by 94.3%, moving from $600K to $1.2M. Total assets increased by 927% over the same period, from $109K to $1.1M. Total functional expenses rose by 72.4%, from $636K to $1.1M. In its most recent filing year (2023), Concord Conservatory Of Music reported a surplus of $68K, with revenue exceeding expenses. The organization holds $368K in liabilities against $1.1M in assets (debt-to-asset ratio: 32.8%), resulting in net assets of $753K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.1M | $1.1M | $368K | — | View 990 |
| 2022 | $905K | $961K | $950K | $342K | — | View 990 |
| 2021 | $1.1M | $823K | $1.2M | $249K | — | View 990 |
| 2020 | $1.0M | $985K | $853K | $320K | — | — |
| 2019 | $899K | $894K | $661K | $256K | — | View 990 |
| 2018 | $810K | $840K | $648K | $243K | — | View 990 |
| 2017 | $1.2M | $843K | $626K | $200K | — | View 990 |
| 2016 | $828K | $831K | $236K | $188K | — | View 990 |
| 2015 | $813K | $796K | $235K | $183K | — | View 990 |
| 2014 | $782K | $782K | $199K | $164K | — | View 990 |
| 2013 | $692K | $663K | $222K | $187K | — | View 990 |
| 2012 | $9K | $40K | $183K | $206K | — | View 990 |
| 2012 | $600K | $636K | $109K | $99K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $1.1M, and assets of $1.1M (revenue +28.8% year-over-year).
- 2022: Revenue of $905K, expenses of $961K, and assets of $950K (revenue -18.5% year-over-year).
- 2021: Revenue of $1.1M, expenses of $823K, and assets of $1.2M (revenue +9.4% year-over-year).
- 2020: Revenue of $1.0M, expenses of $985K, and assets of $853K (revenue +12.9% year-over-year).
- 2019: Revenue of $899K, expenses of $894K, and assets of $661K (revenue +11.0% year-over-year).
- 2018: Revenue of $810K, expenses of $840K, and assets of $648K (revenue -33.7% year-over-year).
- 2017: Revenue of $1.2M, expenses of $843K, and assets of $626K (revenue +47.6% year-over-year).
- 2016: Revenue of $828K, expenses of $831K, and assets of $236K (revenue +1.8% year-over-year).
- 2015: Revenue of $813K, expenses of $796K, and assets of $235K (revenue +4.0% year-over-year).
- 2014: Revenue of $782K, expenses of $782K, and assets of $199K (revenue +13.1% year-over-year).
- 2013: Revenue of $692K, expenses of $663K, and assets of $222K (revenue +7927.8% year-over-year).
- 2012: Revenue of $9K, expenses of $40K, and assets of $183K (revenue -98.6% year-over-year).
- 2012: Revenue of $600K, expenses of $636K, and assets of $109K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Concord Conservatory Of Music:
Data Sources and Methodology
This transparency report for Concord Conservatory Of Music is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.