DC Jazz Festival

Analysis

DC Jazz Festival is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in March 2006, 20 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, DC Jazz Festival reported income of $2.2m and spending of $2.2m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $2.2m (+13%), an average of +3.2% a year. The sharpest change came in the year to December 2021, when income rose by 49%. 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, DC Jazz Festival sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 68th percentile within DC. Charities of a similar size with the same main cause include California Lawyers for the Arts Inc ($2.2m), Eastside Arts Alliance ($2.2m) and Plymouth Area Community Access Television Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $169k (7.9% of expenses). Other salaries and wages came to $215k. At year end it held assets of $664k against liabilities of $118k, net assets of $546k. It reported 6 employees.