Portland Conservatory Of Music
Portland Conservatory Of Music shows strong financial growth and zero executive compensation.
EIN: 10495589 · Portland, ME · NTEE: A6E0 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $899K |
| Total Expenses | $611K |
| Program Spending | 90% |
| Net Assets | $1.8M |
| Transparency Score | 92/100 |
Is Portland Conservatory Of Music Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Portland Conservatory Of Music directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Portland Conservatory Of Music
Portland Conservatory Of Music (EIN: 10495589) is a nonprofit organization based in Portland, ME, classified under NTEE code A6E0. The organization reported total revenue of $899K and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Portland Conservatory Of Music's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Portland Conservatory Of Music is a small nonprofit that has been operating for 31 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 5.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $767K |
| Total Expenses | $611K |
| Surplus / Deficit | +$156K |
| Total Assets | $1.8M |
| Total Liabilities | $13K |
| Net Assets | $1.8M |
| Operating Margin | 20.4% |
| Debt-to-Asset Ratio | 0.7% |
| Months of Reserves | 35.3 months |
Financial Health Grade: A
In 2023, Portland Conservatory Of Music reported a surplus of $156K with revenue exceeding expenses, holds 35.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.7% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Portland Conservatory Of Music's revenue has grown at a compound annual growth rate (CAGR) of 5.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -18.8% | +17.7% | +11.6% |
| 2022 | -37.8% | +48.7% | +11.9% |
| 2021 | +287.1% | -17.2% | +410.4% |
| 2020 | -16.8% | -4.8% | +23.3% |
| 2019 | +30.8% | +12.2% | -0.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1995 |
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 Portland Conservatory Of Music with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Portland Conservatory Of Music allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 $156K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.7%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to officers, which is highly unusual and suggests a volunteer-led executive structure or that compensation is reported under other categories, though the former is more likely given the consistent zero reporting.
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.
Red Flags
The following concerns were identified during AI analysis of Portland Conservatory Of Music's IRS 990 filings:
- Unusually low liabilities relative to assets, which could indicate conservative accounting or very efficient cash management, but warrants further investigation if specific program details are not clear.
Strengths
The following positive indicators were identified for Portland Conservatory Of Music:
- Consistent reporting of 0% officer compensation, indicating a strong commitment to program spending.
- Significant asset growth from $282,184 in 2020 to $1,798,028 in 2023, demonstrating financial stability and effective management.
- Revenue consistently exceeding expenses in recent years (e.g., $767,437 revenue vs. $611,124 expenses in 2023), leading to healthy surpluses.
- Low liabilities relative to assets, indicating strong financial health and minimal debt burden.
- Clear mission focus as indicated by NTEE code A6E0 (Music, Performing Arts Schools) and efficient spending patterns.
Frequently Asked Questions about Portland Conservatory Of Music
Is Portland Conservatory Of Music a legitimate charity?
Based on AI analysis of IRS 990 filings, Portland Conservatory Of Music (EIN: 10495589) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Portland Conservatory Of Music spend its money?
Portland Conservatory Of Music directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Portland Conservatory Of Music tax-deductible?
Portland Conservatory Of Music is registered as a tax-exempt nonprofit (EIN: 10495589). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Portland Conservatory Of Music's spending goes to programs?
Portland Conservatory Of Music directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Portland Conservatory Of Music compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Portland Conservatory Of Music is above average for NTEE category A6E0 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Portland Conservatory Of Music located?
Portland Conservatory Of Music is headquartered in Portland, Maine and files with the IRS under EIN 10495589. It is classified under NTEE code A6E0.
How many years of IRS 990 filings does Portland Conservatory Of Music have?
Portland Conservatory Of Music has 12 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 $899K in total revenue.
Is Portland Conservatory Of Music a good charity?
Based on the available IRS 990 data, Portland Conservatory Of Music appears to be a very good charity. They demonstrate strong financial health, significant asset growth, and a remarkable commitment to their mission by reporting zero officer compensation across all filings, suggesting a high proportion of funds go directly to programs.
How has the organization's financial health changed over time?
The organization has experienced substantial financial growth, particularly in assets, which increased from $282,184 in 2020 to $1,798,028 in 2023. Revenue has also seen significant fluctuations and growth, peaking at $1,519,040 in 2021, indicating a positive trend in financial capacity.
What is the organization's approach to executive compensation?
The Portland Conservatory Of Music reports 0% officer compensation in all available filings, which is highly unusual and suggests a volunteer-led executive team or that executive functions are covered by other staff roles not classified as officers, or that compensation is reported differently. This practice indicates a strong focus on directing funds to the mission rather than executive salaries.
Filing History
IRS 990 filing history for Portland Conservatory Of Music showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Portland Conservatory Of Music's revenue has grown by 80.3%, moving from $426K to $767K. Total assets increased by 547.8% over the same period, from $278K to $1.8M. Total functional expenses rose by 31.9%, from $463K to $611K. In its most recent filing year (2023), Portland Conservatory Of Music reported a surplus of $156K, with revenue exceeding expenses. The organization holds $13K in liabilities against $1.8M in assets (debt-to-asset ratio: 0.7%), resulting in net assets of $1.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $767K | $611K | $1.8M | $13K | — | View 990 |
| 2022 | $945K | $519K | $1.6M | $12K | — | View 990 |
| 2021 | $1.5M | $349K | $1.4M | $155K | — | View 990 |
| 2020 | $392K | $422K | $282K | $152K | — | View 990 |
| 2019 | $472K | $443K | $229K | $71K | — | View 990 |
| 2018 | $361K | $395K | $230K | $108K | — | View 990 |
| 2017 | $391K | $349K | $246K | $100K | — | View 990 |
| 2016 | $340K | $313K | $196K | $98K | — | View 990 |
| 2015 | $322K | $355K | $178K | $104K | — | View 990 |
| 2014 | $316K | $358K | $212K | $95K | — | View 990 |
| 2013 | $336K | $439K | $239K | $100K | — | View 990 |
| 2012 | $426K | $463K | $278K | $55K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $767K, expenses of $611K, and assets of $1.8M (revenue -18.8% year-over-year).
- 2022: Revenue of $945K, expenses of $519K, and assets of $1.6M (revenue -37.8% year-over-year).
- 2021: Revenue of $1.5M, expenses of $349K, and assets of $1.4M (revenue +287.1% year-over-year).
- 2020: Revenue of $392K, expenses of $422K, and assets of $282K (revenue -16.8% year-over-year).
- 2019: Revenue of $472K, expenses of $443K, and assets of $229K (revenue +30.8% year-over-year).
- 2018: Revenue of $361K, expenses of $395K, and assets of $230K (revenue -7.8% year-over-year).
- 2017: Revenue of $391K, expenses of $349K, and assets of $246K (revenue +15.0% year-over-year).
- 2016: Revenue of $340K, expenses of $313K, and assets of $196K (revenue +5.5% year-over-year).
- 2015: Revenue of $322K, expenses of $355K, and assets of $178K (revenue +2.1% year-over-year).
- 2014: Revenue of $316K, expenses of $358K, and assets of $212K (revenue -6.0% year-over-year).
- 2013: Revenue of $336K, expenses of $439K, and assets of $239K (revenue -21.1% year-over-year).
- 2012: Revenue of $426K, expenses of $463K, and assets of $278K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Portland Conservatory Of Music:
Data Sources and Methodology
This transparency report for Portland 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.