Jackson Music Awards Association Inc

Analysis

Jackson Music Awards Association Inc is a registered charity in United States, based in Jackson, MS. It received its IRS tax-exemption ruling in May 2003, 23 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 December 2023, Jackson Music Awards Association Inc reported income of $80k and spending of $81k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $42k to $80k (+89%), an average of +89% a year. The sharpest change came in the year to December 2023, when income rose by 89%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Jackson Music Awards Association Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 33rd percentile within MS. Charities of a similar size with the same main cause include Stone Soup Productions Inc ($80k), World Tumor Registry Inc ($80k) and Warren County Summer Music School Inc ($80k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 14% of the total. At year end it held assets of $11k against liabilities of $4,779, net assets of $6,566.