Jazz Education Network

Analysis

Jazz Education Network is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in September 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, Jazz Education Network reported income of $562k and spending of $650k, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $609k to $562k (-7.7%), an average of -2.0% a year. The sharpest change came in the year to June 2022, when income rose by 91%. Over the whole period it spent 100% 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 Education Network sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within IL. Charities of a similar size with the same main cause include Goodwood Museum and Gardens Inc ($562k), Southwest Art Gallery and Science Center ($562k) and Chestnut Hill Conservancy ($562k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% and program service revenue 42% of the total. Other salaries and wages came to $197k. At year end it held assets of $322k against liabilities of $64k, net assets of $258k. It reported 6 employees.