Texas Jazz Festival Society

Analysis

Texas Jazz Festival Society is a registered charity in United States, based in Corp Christi, TX. It received its IRS tax-exemption ruling in August 2014, 12 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, Texas Jazz Festival Society reported income of $234k and spending of $217k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $253k to $234k (-7.7%), an average of -2.0% a year. The sharpest change came in the year to December 2022, when income rose by 413%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Texas Jazz Festival Society sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 61st percentile within TX. Charities of a similar size with the same main cause include Morgantown Theatre Company ($234k), Chapin Community Theatre Inc ($234k) and Seattle Chinese Association ($234k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $268k against liabilities of $0, net assets of $268k.