Jazz Arts Project Inc

Analysis

Jazz Arts Project Inc is a registered charity in United States, based in Red Bank, NJ. It received its IRS tax-exemption ruling in March 2007, 19 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, Jazz Arts Project Inc reported income of $177k and spending of $181k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $191k to $177k (-7.1%), an average of -7.1% a year. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Jazz Arts Project Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 58th percentile within NJ. Charities of a similar size with the same main cause include Forest Hills Historical Foundation Inc ($177k), St Louis Chinese Language School ($177k) and Make Shift ($177k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 32% of the total. At year end it held assets of $81k against liabilities of $3,375, net assets of $77k.