Provincetown Jazz Festival Inc

Analysis

Provincetown Jazz Festival Inc is a registered charity in United States, based in Orleans, MA. It received its IRS tax-exemption ruling in March 2010, 16 years ago. 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, Provincetown Jazz Festival Inc reported income of $52k and spending of $70k, spending 134% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $65k to $52k (-19%), an average of -19% a year. The sharpest change came in the year to December 2023, when income dropped by 19%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Provincetown Jazz Festival Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 29th percentile within MA. Charities of a similar size with the same main cause include Reynolds Library Inc ($52k), New England Archivists Inc ($52k) and National Association of Each One Teach One Inc ($52k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. At year end it held assets of $22k against liabilities of $0, net assets of $22k.