The National Jazz Museum in Harlem

Analysis

The National Jazz Museum in Harlem is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 1996, 30 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, The National Jazz Museum in Harlem reported income of $1.2m and spending of $1.4m, spending 121% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.2m to $1.2m (-3.9%), an average of -1.0% a year. The sharpest change came in the year to June 2021, when income rose by 36%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The National Jazz Museum in Harlem sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Magnum Cultural Foundation ($1.2m), California Strawberry Festival ($1.2m) and Birch Creek Music Performance Center Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 4.1% of the total. Compensation of current officers, directors and key employees was $142k (9.9% of expenses). Other salaries and wages came to $317k. At year end it held assets of $906k against liabilities of $702k, net assets of $204k. It reported 7 employees.