Royal Conservatory of Music Foundation
Overview
Mission
To provide financial assistance and support to the royal conservatory of music, toronto, ontario canada.
What it reported doing in 2023
The foundation provided financial assistance and support to the royal conservatory of music, toronto, ontario, canada.
Operating model
- Revenue model
- Donor-supported. 99% of the money available for current operations came from contributions and gifts.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
Nonprofit profile at a glance
- EIN
- 133870382
- IRS 990-EZ coverage
- 2014–2023
- Forms available
- Form 990 2020, Form 990-EZ 2023
- Headquarters
- Buffalo, NY, USA
- Rating
- 35
- Verdict
- REVIEW
- Rating confidence
- Moderate
- Sector
- Fund Raising and/or Fund Distribution
The verdict
REVIEW - The filed numbers largely add up and revenue has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 100
- Accountability: NotEnoughData
- Sustainability: 46
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Public monitoring controls: Limited
- Public policy transparency: Limited
- Public financial transparency: Limited
- Impact reporting controls: Limited
- Public relationship transparency: Limited
Accountability
- Public governance controls: Limited
- Zakat policy transparency: Limited
Sustainability
- Operating margin: 9.4%; rating input score 58; 58th percentile among comparable filings
- Operating reserve ratio: 0.04; rating input score 6; 6th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 77; 77th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: -75.6% per year; rating input score 0; 3rd percentile among comparable filings
- Revenue growth: 19% per year; rating input score 100; 81st percentile among comparable filings
- Asset growth: 1.8% per year; rating input score 100; 33rd percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 8 of 9 current checks pass · 1 finding to review
- Schedules: 3 filed schedules
- Filing history: 7 annual filings from 2014 to 2023
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.