Arts, Culture & Humanities
(A68)
IRS Verified
DX Registered
990 on File
BRONX CONSERVATORY OF MUSIC
Financial strength (30%)
88/100
Reliability (20%)
45/100
Effectiveness (25%)
90/100
Impact (25%)
70/100
CharityAI™ Score
Not yet evaluated
Mission Statement
Our mission is to provide private music instruction of the highest quality to Bronx children and adults, in their own neighborhoods, at the lowest possible tuition, thereby making conservatory training accessible to all. In fulfilling this mission, BCM seeks to develop audiences for fine music in the Bronx and to contribute to the music culture of the Bronx.
Financial Overview — FY 2023
$346K
Total Revenue
$373K
Total Expenses
$872K
Net Assets
25
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
75.1%
Fundraising Efficiency
N/A
Operating Reserve
28.03x
Liability-to-Asset
0.1%
Revenue Diversification
53.1%
Executive Compensation
$22K
Compared with Peers
FY 2023
Compared with 16,962 similar organizations
(United States, Arts, Culture & Humanities, $100K–$1M in expenses), FY 2023.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
75.1% | 81.8% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
24.9% | 14.0% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
28.0 mo | 10.4 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.1% | 1.9% |
P10P90
|
Above median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
53.1% | 79.8% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
28.0% | 9.6% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
47.2% | 13.6% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-7.7% | 1.2% |
P10P90
|
Impact
1 program| Outcome / Program | People Served | Cost / Service | # Completed | Duration |
|---|---|---|---|---|
| Accessible private 1-on-1 music lessons | 300 | $28.00 | — | Per Day |
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $346K | $373K | $872K | 75.1% | 25 |
| 2022 | $271K | $253K | $842K | 68.7% | 28 |
| 2021 | $115K | $227K | N/A | — | 25 |
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