Jazzmobile Inc

Analysis

Jazzmobile Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 1968, 58 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 June 2023, Jazzmobile Inc reported income of $464k and spending of $466k, spending 100% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $360k to $464k (+29%), an average of +8.8% a year. The sharpest change came in the year to June 2023, when income rose by 20%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Jazzmobile Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include Fort Smith Music and Arts Festival Inc ($464k), Middletown Fine Arts Center ($464k) and Greater Hartford Festival of Jazz ($464k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 3.2% of the total. Other salaries and wages came to $22k. At year end it held assets of $54k against liabilities of $15k, net assets of $40k.