Miami Jazz Cooperative Inc

Analysis

Miami Jazz Cooperative Inc is a registered charity in United States, based in South Miami, FL. It received its IRS tax-exemption ruling in August 2011, 15 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Miami Jazz Cooperative Inc reported income of $125k and spending of $115k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $86k to $125k (+46%), an average of +46% a year. The sharpest change came in the year to December 2023, when income rose by 46%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Miami Jazz Cooperative Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 46th percentile within FL. Charities of a similar size with the same main cause include Festival Puertorriqueno de Massachusetts Inc ($125k), Elysian Valley Arts Collective ($125k) and Hueys Hideaway Childrens Museum Inc ($125k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 61% of the total. At year end it held assets of $45k against liabilities of $21k, net assets of $23k.