Jazz Forum Arts Incorporated

Analysis

Jazz Forum Arts Incorporated is a registered charity in United States, based in Tarrytown, NY. It received its IRS tax-exemption ruling in July 1987, 39 years ago. 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 December 2023, Jazz Forum Arts Incorporated reported income of $1.6m and spending of $1.6m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.6m (+41%), an average of +9.0% a year. The sharpest change came in the year to December 2021, when income rose by 125%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Jazz Forum Arts Incorporated sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Spring Back Colorado Inc ($1.6m), Waterford Ambulance Service Inc ($1.6m) and Medical Center Health System Foundation ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $270k (17% of expenses). Other salaries and wages came to $361k. At year end it held assets of $1.1m against liabilities of $254k, net assets of $879k. It reported 31 employees.