Curtis Institute of Music
1726 Locust St, Philadelphia, PA · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $47,618,232 | $39,303,786 | $401,807,275 |
| FY2024 | $24,929,198 | $33,537,705 | $380,717,182 |
| FY2023 | $43,513,793 | $30,874,759 | $366,285,839 |
| FY2022 | $65,896,582 | $26,055,133 | $358,825,215 |
| FY2021 | $50,045,370 | $23,876,591 | $366,153,951 |
| FY2020 | $24,471,407 | $24,868,090 | $295,916,712 |
| FY2019 | $25,195,316 | $25,422,542 | $294,373,268 |
| FY2018 | $30,193,764 | $24,653,678 | $302,875,107 |
| FY2017 | $29,398,348 | $23,937,016 | $292,017,973 |
| FY2016 | $69,139,285 | $21,595,208 | $275,258,046 |
| FY2015 | $25,937,389 | $20,228,847 | $237,453,017 |
| FY2014 | $26,479,768 | $18,784,965 | $231,472,087 |
| FY2013 | $27,733,908 | $17,716,493 | $217,358,545 |
| FY2012 | $20,259,799 | $15,399,897 | $197,306,978 |
Form 990 filings
The returns filed by Curtis Institute of Music (EIN 23-1585611), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $29,465,642 | 62% |
| Program service revenue | $3,736,231 | 8% |
| Other revenue | $14,416,359 | 30% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $27,231,216 | 69% |
| Management & general | $10,144,161 | 26% |
| Fundraising | $1,928,409 | 5% |
What the numbers show
- Contributions & grants made up 62% of total revenue in FY2025.
- Program services accounted for 69% of functional expenses, management & general 26%, and fundraising 5%.
- 69% of functional expenses went to program services in FY2025. That is higher than 26.8% of 41 Arts, Culture & Humanities organizations in PA.
- Net assets covered about 122.7 months of expenses at the end of the reporting year. That puts it in the 86th percentile among 1433 Arts, Culture & Humanities organizations in PA.
- Total revenue was higher than 99.7% of 1459 Arts, Culture & Humanities organizations in PA.
- Total revenue rose from $20,259,799 in FY2012 to $47,618,232 in FY2025. Revenue increased in 6 and decreased in 7 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 3 of 14 reported years (FY2019, FY2020, FY2024).
- The highest revenue on record here is $69,139,285 in FY2016.
- Net assets grew from $197,306,978 to $401,807,275 between FY2012 and FY2025.
- Contributions and grants made up 78% of revenue in FY2012 and 62% in FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
TO EDUCATE & TRAIN EXCEPTIONALLY GIFTED YOUNG MUSICIANS TO ENGAGE A LOCAL & GLOBAL COMMUNITY
IRS status
| Ruling year | 1924 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | A6E0 — Arts, Culture & Humanities (in PA) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
Similar organizations
- Franklin Institute — Philadelphia, PA · $51,159,403
- Pittsburgh Symphony Inc — Pittsburgh, PA · $51,388,751
- Brandywine Conservancy & Museum of Art — Chadds Ford, PA · $42,707,848
- Whyy Inc — Philadelphia, PA · $52,837,630
- Mann Center for the Performing Arts — Philadelphia, PA · $53,842,873
- National Constitution Center — Philadelphia, PA · $40,530,633
- Philadelphia Orchestra Association — Philadelphia, PA · $64,973,501
- The Fred Rogers Company — Pittsburgh, PA · $28,551,570
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
Think something here is wrong or should be removed? Use the contact form — we act on removal requests within 30 days.