Chicago Jazz Philharmonic

Analysis

Chicago Jazz Philharmonic is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 2004, 22 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 June 2023, Chicago Jazz Philharmonic reported income of $729k and spending of $919k, spending 126% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $903k to $729k (-19%), an average of -5.2% a year. The sharpest change came in the year to June 2022, when income rose by 123%. 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, Chicago Jazz Philharmonic sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within IL. Charities of a similar size with the same main cause include Tri Valley Ambulance Service Inc ($728k), Kids Corner Inc ($729k) and Satyana Institute ($728k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 71% and program service revenue 24% of the total. Other salaries and wages came to $332k. At year end it held assets of $946k against liabilities of $117k, net assets of $829k. It reported 7 employees.