Central New York Jazz Arts Foundation Inc

Analysis

Central New York Jazz Arts Foundation Inc is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in November 1998, 28 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Central New York Jazz Arts Foundation Inc reported income of $544k and spending of $477k, spending 88% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $400k to $544k (+36%), an average of +8.0% a year. The sharpest change came in the year to September 2022, when income rose by 69%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Central New York Jazz Arts Foundation Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Sojourn Counseling ($544k), Culturarte de Puerto Rico Inc ($544k) and New Mexico Holocaust Museum and Gellert Center for Education ($544k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $24k (5.0% of expenses). Other salaries and wages came to $54k. At year end it held assets of $480k against liabilities of $30k, net assets of $450k. It reported 3 employees.