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Pennsylvania · Nonprofit

CURTIS INSTITUTE OF MUSIC

CURTIS INSTITUTE OF MUSIC (Pennsylvania) receives grants from 121 organizations whose IRS filings report $25,071,496 to it, the largest being ANNA-MARIA AND STEPHEN KELLEN FOUNDATION INC ($5,000,000). 81 of them have funded it in more than one year.

Revenue FY2025
$48M
Funders on record
121
Grants received
$25M
Net assets
$402M
81/121 repeat funderspeak grant-dependency 14%
01What it does

What Curtis Institute of Music does

Mission

The Curtis Institute of Music, located in philadelphia, pennsylvania, was founded in 1924 to educate and train exceptionally gifted young musicians to engage a global community through the highest level of artistry. (continued on schedule o.)the institute is a tuition-free music conservatory that is supported primarily by endowment and annual giving.

As stated on its FY2025 Form 990.

Programs

  1. The Curtis Institute of Music is a tuition-free school of music that strives to educate and train exceptionally gifted musicians to engage a global community through music. Students receive personalized attention from the institute's celebrated faculty, with a student body of 164 and 130 faculty members. Curtis also owns and operates a dormitory building with full dining services for its on-campus students.

    $18,646,906 spentof which $1,860,635 as grants$1,778,786 earned by the program
    68% of program spending
  2. Curtis presents over 175 public performances each year featuring students, alumni, and faculty, giving them opportunities to hone their craft and shape their artistic point-of view on stage in front of live audiences.

    $8,584,310 spentof which $104,800 as grants$1,957,445 earned by the program
    32% of program spending

The 2 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $27,231,216.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($29M) Expenses 100 ($24M) Net assets 100 ($292M)2018 Revenue 103 ($30M) Expenses 103 ($25M) Net assets 104 ($303M)2019 Revenue 86 ($25M) Expenses 106 ($25M) Net assets 101 ($294M)2020 Revenue 83 ($24M) Expenses 104 ($25M) Net assets 101 ($296M)2021 Revenue 170 ($50M) Expenses 100 ($24M) Net assets 125 ($366M)2022 Revenue 224 ($66M) Expenses 109 ($26M) Net assets 123 ($359M)2023 Revenue 148 ($44M) Expenses 129 ($31M) Net assets 125 ($366M)2024 Revenue 85 ($25M) Expenses 140 ($34M) Net assets 130 ($381M)2025 Revenue 162 ($48M) Expenses 164 ($39M) Net assets 138 ($402M)
'17'18'19'20'21'22'23'24'25
Revenue (162)Expenses (164)Net assets (138)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $301M to $373M (+24%).

$299M
$310M
$300M
$301M
$373M
$375M
$370M
$385M
$404M
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2017 0% · 2018 0% · 2019 0% · 2020 0% · 2021 1% · 2022 3% · 2023 7% · 2024 0%. Grants only. Government contracts and fees sit inside program revenue.

62% of CURTIS INSTITUTE OF MUSIC’s revenue is contributions — more donation-reliant than the typical peer (58% for the typical peer).

This organization
Typical peer · 810 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 9 reported years ran a deficit.

$5.5M
’17
$5.5M
’18
−$227k
’19
−$397k
’20
$26M
’21
$40M
’22
$13M
’23
−$8.6M
’24
$8.3M
’25
3.2
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Board chair

Deborah M Fretz

Chair/trustee

As listed on its FY2025 Form 990.

'17'18'19'20'21'22'23'24'25
Listed636449504646414344
Joined·+7+11+8+3+9+7+5+3
No longer listed·6267791232
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 29 funders to 46 funders, grant income fell $3.3M → $2.5M.

14 of 121 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 17% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

Left out of every figure on this page: $40M from 10 payers (the payer shares this organization's board, largest The Mary Louise Curtis Bok Foundation). These are real filings, and they are not money CURTIS INSTITUTE OF MUSIC raised.

From the IRS filings of CURTIS INSTITUTE OF MUSIC’s funders (the co-funder graph). Top 30 of 121 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

CURTIS INSTITUTE OF MUSIC has a broad base — no single funder exceeds 20% of grant income, and it takes 4 funders to reach half.

the vertical line marks half of all grant income — 4 funders to its left

20%
largest funder
45%
top three
~11
effective funders

Largest funder’s share by year: 2017 75% · 2018 58% · 2019 53% · 2020 11% · 2021 58% · 2022 26% · 2023 27% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

44% of CURTIS INSTITUTE OF MUSIC's funders are still giving 3 years after their first grant; 67% give in more than one year at all.

first grant+1y+2y+3y+4y+5y+6y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

50% of CURTIS INSTITUTE OF MUSIC's grant income comes from Pennsylvania funders.

WA
IL
NY
MA
IA
PA
NJ
CT
CA
MO
VA
DE
NM
SC
AL
TX
FL

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
Pennsylvania out of state home

Funder states come from each funder’s own filing. $4.4M arriving through sponsors registered in 9 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

CURTIS INSTITUTE OF MUSIC runs a healthier operating margin than half of the 570 arts & culture nonprofits its size.

Operating margin17% · above the median
Months of reserve3.2mo · below the median
Revenue growth (annualized)6% · above the median

this organization peer median middle 50% of peers· 570 arts & culture nonprofits $10M–$100M, FY2025

Government funding CURTIS INSTITUTE OF MUSIC receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $859k on record.

Federal$859k
grants $859kcontracts $0
19
20
21
Top agencies
  • Department of Education$829k
  • National Endowment for the Arts$30k

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

Organizations like CURTIS INSTITUTE OF MUSIC

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Pennsylvania

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

69% of spending goes to programs.

Program 69%Management 26%Fundraising 5%

Governance

33
board members
88%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention–Board reviewed the 990✓Audited financials

Footprint & structure

Files a return copy in 12 states

AK
NH
WA
MI
MA
OR
OH
PA
CO
KY
MD
OK

Part of a family of 1 related entity

  • Mary Louise Curtis Bok Foundation · exempt

Screen this organization

A dated, signed PDF of the compliance screen for CURTIS INSTITUTE OF MUSIC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds CURTIS INSTITUTE OF MUSIC?
CURTIS INSTITUTE OF MUSIC (Pennsylvania) receives grants from 121 organizations whose IRS filings report $25,071,496 to it, the largest being ANNA-MARIA AND STEPHEN KELLEN FOUNDATION INC ($5,000,000). 81 of them have funded it in more than one year.
How many funders does CURTIS INSTITUTE OF MUSIC have?
IRS filings report 121 organizations giving $25,071,496 in grants to CURTIS INSTITUTE OF MUSIC, 81 of which have funded it in more than one year.
Who is the largest funder of CURTIS INSTITUTE OF MUSIC?
ANNA-MARIA AND STEPHEN KELLEN FOUNDATION INC is the largest funder on record, with $5,000,000 in grants. The full list of funders is on this page.
How can an organization like CURTIS INSTITUTE OF MUSIC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Pennsylvania. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Curtis Institute of Music →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 121 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing