Jazzarts Charlotte

Analysis

Jazzarts Charlotte is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in July 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, Jazzarts Charlotte reported income of $1.2m and spending of $1.2m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $568k to $1.2m (+119%), an average of +22% a year. The sharpest change came in the year to June 2022, when income rose by 95%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Jazzarts Charlotte sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within NC. Charities of a similar size with the same main cause include Human Cell Atlas Inc ($1.2m), Sonoma Valley Film Society ($1.2m) and Golden State Ballet Foundation ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 71% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $88k (7.4% of expenses). Other salaries and wages came to $205k. At year end it held assets of $709k against liabilities of $95k, net assets of $615k. It reported 7 employees.