Jacarandamusic

Analysis

Jacarandamusic is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in July 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 (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, Jacarandamusic reported income of $331k and spending of $355k, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $245k to $331k (+35%), an average of +7.8% a year. The sharpest change came in the year to June 2023, when income rose by 45%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Jacarandamusic sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 66th percentile within CA. Charities of a similar size with the same main cause include Kansas City Estate Planning Symposium ($331k), Rokeby Museum Inc ($331k) and Guarneri Hall NFP ($331k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $72k (20% of expenses). Other salaries and wages came to $36k. At year end it held assets of -$19k against liabilities of $76k, net assets of -$95k. It reported 3 employees.