Vermont Jazz Center Inc

Analysis

Vermont Jazz Center Inc is a registered charity in United States, based in Brattleboro, VT. It received its IRS tax-exemption ruling in November 1989, 37 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Vermont Jazz Center Inc reported income of $576k and spending of $490k, spending 85% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $413k to $576k (+40%), an average of +8.7% a year. The sharpest change came in the year to August 2022, when income rose by 72%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Vermont Jazz Center Inc sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within VT. Charities of a similar size with the same main cause include Choice Adoptions ($576k), Cottesmore Childcare Centers ($576k) and Alex Eligh Community Center Inc ($576k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 58% and program service revenue 30% of the total. Other salaries and wages came to $119k. At year end it held assets of $644k against liabilities of $2,626, net assets of $641k. It reported 3 employees.