Seacoast Jazz Society

Analysis

Seacoast Jazz Society is a registered charity in United States, based in Portsmouth, NH. It received its IRS tax-exemption ruling in February 2012, 14 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Seacoast Jazz Society reported income of $69k and spending of $35k, leaving 49% of income unspent that year. Across the 2 years on record, from September 2022 to September 2023, income fell from $160k to $69k (-57%), an average of -57% a year. The sharpest change came in the year to September 2023, when income dropped by 57%. Over the whole period it spent 26% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Seacoast Jazz Society sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 29th percentile within NH. Charities of a similar size with the same main cause include Kentucky Steam Heritage Corporation ($69k), Kent Island Federation of Art Inc ($69k) and Everett Chorale ($69k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 95% and program service revenue 0.5% of the total. At year end it held assets of $184k against liabilities of $0, net assets of $184k.