Smooth Jazz for Scholars Inc

Analysis

Smooth Jazz for Scholars Inc is a registered charity in United States, based in Milford, CT. It received its IRS tax-exemption ruling in January 2008, 18 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 December 2023, Smooth Jazz for Scholars Inc reported income of $57k and spending of $57k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $25k to $57k (+131%), an average of +131% a year. The sharpest change came in the year to December 2023, when income rose by 131%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Smooth Jazz for Scholars Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 21st percentile within CT. Charities of a similar size with the same main cause include Southern New Mexico Radio Foundation ($57k), American Guild of Music ($57k) and Kingsville Symphony Orchestra Society ($57k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $126 against liabilities of $0, net assets of $126.