NEW ENGLAND CONSERVATORY OF MUSIC

BOSTON, MA, 02115 (617) 585-1725 Est. 1867 EIN 23-7225104

B430 - Education 990 - Public charity return 501(c)(3)

Mission

NEW ENGLAND CONSERVATORY OF MUSIC (NEC) EDUCATES AND TRAINS MUSICIANS OF ALL AGES FROM AROUND THE WORLD.

Total Revenue

$90,182,054

Total Expenses

$86,301,637

Net Assets

$272,453,512

1,393 employees 136 volunteers

From latest filing (tax period ending 2025-06-30)

Operating Reserve

3.2 years Healthy

Net assets / monthly expenses

Year-over-Year Change

Revenue ↑ 12.5%

Expenses ↑ 8.6%

Revenue Sources

Contributions 22.2% Earned revenue 68.7% Investment 9.3%

Expense Breakdown

Program 80.8% Management 15.6% Fundraising 3.6%

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Year	Revenue	Expenses	Net Assets
2024 990 - Public charity return Jul 1, 2024 to Jun 30, 2025	$90,182,054 ↓	$86,301,637	$272,453,512
2022 990 - Public charity return Jul 1, 2022 to Jun 30, 2023	$92,483,122 ↓	$75,918,300	$232,948,014
2021 990 - Public charity return Jul 1, 2021 to Jun 30, 2022	$112,202,723 ↑	$71,112,347	$215,403,535
2020 990 - Public charity return Jul 1, 2020 to Jun 30, 2021	$51,589,059 ↓	$64,221,762	$233,770,856
2019 990 - Public charity return Jul 1, 2019 to Jun 30, 2020	$68,675,147 ↑	$69,357,384	$210,275,387
2017 990 - Public charity return Jul 1, 2017 to Jun 30, 2018	$63,874,014	$64,697,182	$217,819,546