Seattle Jazzed

Analysis

Seattle Jazzed is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in April 2010, 16 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, Seattle Jazzed reported income of $1.7m and spending of $1.7m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $1.7m (+14%), an average of +3.4% a year. The sharpest change came in the year to June 2020, when income rose by 67%. Over the whole period it spent 67% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Seattle Jazzed sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within WA. Charities of a similar size with the same main cause include Minnesota Transportation Museum Inc ($1.7m), Rutgers Learning Network Inc ($1.7m) and Renfrew Committee Inc ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 74% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $118k (6.9% of expenses). Other salaries and wages came to $766k. It paid $62k in professional fundraising fees. At year end it held assets of $5.2m against liabilities of $789k, net assets of $4.5m. It reported 72 employees.