Jazz at Lincoln Center Inc

Analysis

Jazz at Lincoln Center Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 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, Jazz at Lincoln Center Inc reported income of $34.6m and spending of $45.0m, spending 130% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $47.8m to $34.6m (-28%), an average of -7.7% a year. The sharpest change came in the year to June 2021, when income rose by 99%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Jazz at Lincoln Center Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include New Jersey Innovation Institute Inc ($34.3m), National Society of the Daughters of the American Revolution ($34.8m) and Southern California Public Radio ($34.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 45% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $5.5m (12% of expenses). Other salaries and wages came to $12.3m. It paid $75k in professional fundraising fees. At year end it held assets of $242.0m against liabilities of $19.2m, net assets of $222.8m. It reported 546 employees.